JF505: This Lender Closed a Deal for a Client that was Denied 24 Hours Prior!

Price? Cost of rehab? Retail sales price after rehab? He asks these questions to his clients hoping to qualify for a quick loan. His best move was moving to California, and there he found the hard money industry. As a hard money lender, he has made some tough decisions, but one of them turned out well...and was made in 24 hours!

Best Ever Tweet:

You always make money on the purchase.

Ben Stoodley (stood-ley) real estate background:

• Civil Engineering grad turned real estate sales person turned investor and hard money lender
• He’s a loan originator and did over 100 loans in 2015 averaging about $1M a month on average
• Active real estate investor as both a buy and hold and fix and flip
• Based in San Diego, California and say hi to him at lantzmanlending.com
• His Best Ever book recommendation: Four Hour Work Week by Tim Ferriss

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