Excellent advice. Would love to hear your thoughts on project financing. Some of the recent inquiries that I've received are medical center renovations, oil and gas exploration, cannabis production and building contractor working capital. I've experienced that most of these kinds of deals don't go anywhere. Has this been your experience also?
We are not lawyers and we would recommend you check with one who specializes in this. But we think you maybe about to do it if you if your lending to an entity for business purposes.
Jack thank you so much for this great video. It was very informative. I was a residential loan officer from 2006 to 2008 when the market started to go down. I lost interest in the mortgage industry and moved on to something else. I'm two classes away from obtaining my bachelor's degree in business management. I'm interested in becoming a commercial loan officer and didn't know where to start until I found this video. I would like to work for a lender to gain experience and then go out on my own. Most lenders want to hire someone with experience. I'm trying to find out where I can gain experience. In the meantime, I will follow your advice and learn as much as I can. Again thank you.
We dont recommend any one book, but we do recommend reading and watching everything you can on the subject. There is a lot of free or very low cost information around and we would start there. You can do it.
Hi, I just became a private broker lender for flips and refinance. But would like to also offer commercial and bridge loans. Do you recommend any company's I can partner this types of loan with.
Hey I recently got my real estate license but I’m also interested in getting my mortgage loan originator license too I just wanna know what are the education requirements or if there are any? Is it similar requirements to the real estate license?
This is a legal question. We are not attorneys and we would advise you speak with one. For residential lending you need a license, we think in a very large amount of states you may not need for commercial lending
Everyone is different there are some mortgage brokers who focus getting referrals from realtors, CPA's, attorneys and banks etc.. While others focus on direct and targeted marketing to the potential borrowers your trying to reach. Both work, its a question of what you want to focus on. Usually it takes a combination of things to achieve success.
While we dont give legal advise and would encourage you to check with an attorney. As long as in states where you dont need a license and its fully disclosed you maybe able to broker commercial mortgages part time. This is a great way to get into the business, make money and help people.
We work with mortgage brokers all of the time, you may want to take a look at geltfinancial.com/mortgage-brokers-for-small-commercial-mortgages/, as well Scotsman Guide is a great resource.
Hey Gelt! Great video. This is Sarthak. I am about to rollout a product for Mortgage Brokers, I had some doubts regarding the functionalities and legalities. Can you help me with that?
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Thanks Jack, I am a new mortgage broker. I found your video to be very helpful. Thank you!
Thank you so much… we have a few on our channel which you may also find helpful. We are here to help
very good video, i am in the residential mortgage space and becoming increasingly more into the idea of focusing on the commercial side of things.
Thanks so much. We have several videos you may find value in. If you visit our web site GeltFinancial.com we can send you more information
Thank you for your insight i honestly took everything you said into consideration and uou are 100% correct
Thanks so much
Excellent video. Very good presentation style and language used, clear speaking, good pausing, good phrasing.
thank you so much, Appreciate your comments...
This is great information, thank you very much for your time on making this informative video and the insight on this business industry.
Glad it was helpful!
Does Texas require a license to become a Commercial Mortgage Broker?
I am sorry but we can not give legal advise. You might want to call the state or look at their web site
Excellent advice. Would love to hear your thoughts on project financing. Some of the recent inquiries that I've received are medical center renovations, oil and gas exploration, cannabis production and building contractor working capital. I've experienced that most of these kinds of deals don't go anywhere. Has this been your experience also?
Thanks for the comments, feel free to call us anytime
@@GeltFinancialLLC Thanks, I will.
Do you know if you need a commercial broker license in Florida to do commercial lending?
We are not lawyers and we would recommend you check with one who specializes in this. But we think you maybe about to do it if you if your lending to an entity for business purposes.
No you do Not need a License to be a;
Commercial Mortgage Broker in the State of Florida
Do you lend in Massachusetts?
We sure do and love the state..
@@GeltFinancialLLC do you have time for a quick call this week?
Sure call the office 561 221 0900
what is the most you are willing to charge, based on the deal?
We are not sure we understand your question. But every deal is risk based pricing
Jack thank you so much for this great video. It was very informative. I was a residential loan officer from 2006 to 2008 when the market started to go down. I lost interest in the mortgage industry and moved on to something else. I'm two classes away from obtaining my bachelor's degree in business management. I'm interested in becoming a commercial loan officer and didn't know where to start until I found this video. I would like to work for a lender to gain experience and then go out on my own. Most lenders want to hire someone with experience. I'm trying to find out where I can gain experience. In the meantime, I will follow your advice and learn as much as I can. Again thank you.
2006-2006 were challenging years for sure. I am glad you liked the videos, feel free to watch more
What books or other resources do you recommend
We dont recommend any one book, but we do recommend reading and watching everything you can on the subject. There is a lot of free or very low cost information around and we would start there. You can do it.
Hi, I just became a private broker lender for flips and refinance. But would like to also offer commercial and bridge loans. Do you recommend any company's I can partner this types of loan with.
That’s what’s we do, please visit our web site at Geltfinancial.com
Learn so much
thanks so much
Hey I recently got my real estate license but I’m also interested in getting my mortgage loan originator license too I just wanna know what are the education requirements or if there are any? Is it similar requirements to the real estate license?
This is a legal question. We are not attorneys and we would advise you speak with one. For residential lending you need a license, we think in a very large amount of states you may not need for commercial lending
@@GeltFinancialLLC I’m just asking what the education requirements are ?
@@GeltFinancialLLChow do we become commercial lenders?
great video
Thanks so much
Where should i start marketing as a new commercial broker? Would you suggest craigslist?
Everyone is different there are some mortgage brokers who focus getting referrals from realtors, CPA's, attorneys and banks etc.. While others focus on direct and targeted marketing to the potential borrowers your trying to reach. Both work, its a question of what you want to focus on. Usually it takes a combination of things to achieve success.
Great Vid
thank you very much, we are glad you liked it
What if I’m a commercial real estate agent as well? I want to capitalize when clients tell me they need to refinance.
While we dont give legal advise and would encourage you to check with an attorney. As long as in states where you dont need a license and its fully disclosed you maybe able to broker commercial mortgages part time. This is a great way to get into the business, make money and help people.
I want to get involved
Great you may want to visit us at geltfinancial.com/mortgage-brokers-for-small-commercial-mortgages/
Thanks for the video! How do you go about starting relationships with banks?
Banks and private lenders are always looking for business. I would find the right person and reach out to them.
I am a mortgage broker could you share with me some of the commercial wholesaler ?
We work with mortgage brokers all of the time, you may want to take a look at geltfinancial.com/mortgage-brokers-for-small-commercial-mortgages/, as well Scotsman Guide is a great resource.
Do I need a license to become a commercial mortgage broker in California?
We are not sure, we do not lend in Ca. we should check with an attorney who specializes in this. Good luck
Good advice.
Glad you think so!
Hey Gelt! Great video.
This is Sarthak. I am about to rollout a product for Mortgage Brokers, I had some doubts regarding the functionalities and legalities.
Can you help me with that?
feel free to contact us anytime
@@GeltFinancialLLC Thanks a lot. I have messaged you on Facebook. Kindly check
Thanks for the info
With pleasure