Hi, I’m being inspired to talk about and share my recent business experiences with you. Like many other entrepreneurs today, I have been seeking new ways to increase my monthly cash flow. In today’s financial business climate I’m sure that many of you are seeking new business ideas to do that also. It was apparent to me early on that I had to be willing to adapt my business thinking to survive the current market downturn, because my existing business and marketing strategies were no longer working.
My primary objective now is to position myself today to provide services that are in high demand. After doing a lot of research, I came up with the following list of important questions that must be included in my new business structure:
- What services are most needed in today’s Marketplace?
- Will this service be in high demand in the future?
- Does the service or the business solve other people’s problems?
- Is this service needed nationwide?
- Can it be marketed online?
- Can I implement the business within 60 days?
I knew from the beginning if there was a business that addressed all of the above questions, it would be very successful in today’s financial business climate. Well, guess what….I’ve found it and it’s very lucrative but before I share my unique business niche with you I need to tell you a little about myself and my background.
Within months of working on my first full time job I realized that I didn’t enjoy working in the corporate arena. Fast forwarding to today, one of my strongest entrepreneurial motivations stems from the fear of having to return to the corporate job market. I’m sure some of you can relate to this. See “About Steven”. I spent 27 successful years as an entrepreneur. Over that span of years I endeavored in multiple businesses but I kept coming back to Real Estate Investing and Real Estate Financing as my core business.
History shows that some of the greatest business opportunities occurs during depressed financial times and that you have to be willing to dig deep to find the real gold. The bottom line here is if you solve big problems you will make big money. I guess it is very hard to ignore the facts that real estate is still today’s greatest wealth creator and the business of selling money is one of the biggest businesses in the world.
Being successful in the current real estate market requires that you understand that the market, marketing and investing rules have changed. The days of 100% financing, double digit property appreciation, cheap and easy non-owner occupied financing and hundreds of thousands of willing new home buyers are a fading distant memory.
It is now time for Residential Real Estate Investors, Real Estate and Mortgage Professionals to adjust your business strategies so they are not working uphill. The lack of investor financing today has changed everything for everyone!
My research concluded that the non-bank commercial financing business is now positioned to explode in the market place. A financially weaken banking system has opened the door to all types of non-bank lenders who are positioning themselves to capture commercial mortgage market share. These Non Bank Non-Conforming Lenders are far more creative and flexible structuring loan terms that are secured by the cash flow, the quality of the tenants and the real estate itself.
The overall structure of most commercial loans is 5 to 10 yr fixed payment ending with a balloon note. Up until recently, a significant number of these loans were serviced by banks. Today’s banks no longer have the capital, reserves, or the risk tolerance to service these commercial clients or even the residential investors. To date, there is almost two years of pent up demand for refinancing these commercial loans. I’m betting that some you will see the commercial financing business as a timely opportunity, just as I did.
Remember this, the business community will always need access to business financing and that it’s much easier to qualify for commercial financing than residential financing.
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