Despite the costs can still be beneficial if you get a better rate, correct structure or additional funds to enable you to move on and buy another IP or development.
Fee and rate Mypoia can get in the way of real money ........no doubt.
had a referred lead this week for a land subdiv with 500k plus potential profit ( > 80 % on project cost ) and around 300 % ROI within a year or less.
Conference call, after hours on a Friday nite, because hubby and mrs. needed some guidance before signing a contract thenext day. Became apparent that it wouldnt be an easy deal and would require some significant intellectual property and a second or third tier lender to secure site.
Convo went for about 5 mins with hubby to pre determine what maybe possible before getting too far into it.
Mrs first words uttered - whats your rate ?
My initial response these days is ..........Wrong question, (pls see
www.loans.com or
www.ubank.com.au)
Further explained that at that point I knew nothing of their resources capacity, riskprofile and her q was like walking into a car yard and asking what is the price of A car pls.
Her further response - you must be expensive then.,.................................
Thankfully, Im still waiting on the return of our data request ( since as a referal from a good source we will still provide pro bono advice,but wont lodge the work (for obvious reasons)
ta
rolf
