My old friend, Leonard Rosen, is hosting another one of his enjoyable Pitbull Private Lending Conferences on June 2nd at the The M Resort in Las Vegas. I have been to a number of these conferences, and I always get a lot out of them.
Leonard Rosen is an interesting guy. In addition to helping mortgage brokers to become hard money lenders, Leonard is also a judo ground fighter. He competes regularly, even though he is well over 50 years old. His son is the apple of his eye, and the 13-year-old (?) boy is also a highly-ranked competitor in Brazilian Jiu-Jitsu. Huh. I think I just figured out why Leonard still rolls at age 53 (?). If he doesn't stay ahead of his talented son... Ha-ha!
I have been telling you for years that the real money in the mortgage business is in loan servicing fees. Mortgage company owners need that steady residual income to keep their doors open during the regular real estate crashes that seem to hit every 14 years or so. There is no easier way to build a loan servicing portfolio than to become a private money lender.
Blackburne & Sons, my hard money commercial mortgage company, services a $50 million portfolio at any average loan servicing fee of 2% annually. That's $83,333 that I know I will have coming in the door every month, even if every one of my new commercial loan originations falls out.
At Leonard's Private Lending Conference, not only will you learn the fastest and cheapest way to become a hard money lender yourself, you will also make scores of great contacts. Only the brightest and most ambitious mortgage brokers attend this conference. Lenders troll the lobby looking to snare these new brokers to bring them deals. Be sure to bring your latest packages. A lot of deals get done with these hungry lenders at Pitbull Conferences.
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