The response right now if you are a commercial broker and you actually have money to lend. I was at a Chamber of Commerce function Thursday night and I have never seen such a response-better than even a few months ago.
I worked the function like I always work these things, I enter, focus on meeting as many people as possible and handing out all my cards while gathering a pile of new cards realizing that EVERY person there is a target. They all own a business, want to own a business, or know someone who owns a business. I typically go up to people and introduce myself, asking them what they do. They always respond in kind. Typically, the response is mild interest coupled with an occasional question like, “Is the market getting any better?”. My success is typically found in my follow up where I add the names to my database, get out an intro letter, follow up with a phone call, then add them to my ongoing marketing which happens every other week. Eventually, I always get deals from these people. But this time was different.
No less than 3 different people asked about specific deals for themselves and two others referred me friends of theirs who were actively looking for deals. 5 potential deals in less than 2 hours. And that is before I start ANY follow up. Everyone was excited to hear about the fact that I was a commercial broker and that I was still lending. The reaction resembled that of a welcome friend, it was sooooo cool. I honestly have never seen anything like it. I left there with two overwhelming observations:
- People are actively looking for money. They are actively trying to expand or open their own business. Activity is HIGH right now. And I hear the same from my branches around the country. This is a BULLISH sign for the economy.
- Money is still tight. People need proven sources of money more than ever.
And we have the sources to lend. National funding sources, regional funding sources, SBA, conventional, FHA, hard money and more. Over 100 lending sources that are STILL lending is what we bring to the table. The doors are wide open, the opportunity is just sitting there waiting for us to grab it. What an exciting time!
If you are sitting on the sidelines still deciding whether you should add commercial mortgages or even jump in full steam ahead, the time is slipping away. The market is popping right now, harder than I can ever remember it. The opportunity is more wide open than ever before. The gap between those who have the money, or know where to get it, and those who are not really lending, has never been greater. It won’t always be this way. The time to attack is now.
I offer two ways to help you get the training you need, and get you plugged in to the money sources so you can make commercial a reality. One is my Commercial Net Branch system which provides training, marketing, the lender list that tells you not just the lenders, but also their niches and the names of our designated reps and even volume pricing in some instances. You actually partner with me to dominate the commercial arena. For more info on this opportunity, call Emily today at 866-355-1244.
Or, you can join my Commercial Hotline. This exciting website also provides training and has a program finder that you can use on any scenario you have so you get quick answers on where to go and who to call to fund that deal. It is just $199 a month and you can cancel anytime. Hot training like my “Jump Start in Commercial” training will get you up and going in no time. To check that out, just go to www.commercialhotline.net . In commercial, just one deal averages $10,000 in commissions so the return on investment is huge. Click on the link and then go to the store to jump on that opportunity.
Either way, I have never seen a market like this. It is crazy, and you can tap it. Don’t let this opportunity pass you by! Check out the net branch or the Commercial Hotline today!
Brian
