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@karenwilliams5672 14 күн бұрын
People keep telling me Illinois is included. Is this true. I can't find anything. I send leads to my direct commercial lender and I get paid. I don't collect any documents.
@Jonathanmillspatrick 13 күн бұрын
Hi, Karen. Call your local NMLS office and ask.
@OkiiKenneth 23 күн бұрын
Is it possible for me to get investor or start up
@Jonathanmillspatrick 20 күн бұрын
That's entirely too broad of a question.
@vorex_fn2204 26 күн бұрын
💁♂️
@tomwashingtonjr848 27 күн бұрын
Love this ❤… thank you both 🙏🏽🙏🏽 Great stuff 🎉 The Tominator-🇺🇸 TomTheMoneyGuy
@tomwashingtonjr848 29 күн бұрын
Hey Jonathan, I like your stuff & I like your style …thanks for all the great content you provide 🎉much appreciated🙏🏽 The Tominator-🇺🇸 TomTheCoach
@tomwashingtonjr848 29 күн бұрын
Great stuff 🎉 ❤ The Tominator-🇺🇸 TomTheMoneyGuy
@WayneDupreeShow Ай бұрын
I need your help and I don’t know where to turn right now. I am a vet and I am in a huge bind
@SilhSe Ай бұрын
This is just what I'm looking for; a dude in a Hoodie lecturing about business plan!
@Jonathanmillspatrick Ай бұрын
Want to get paid helping companies obtain capital? Check out my premier commercial loan broker training at CommercialLoanBrokerinaBox.com/
@YikiC Ай бұрын
This breakdown of the commercial loan brokerage process is eye-opening! Thanks for sharing your expertise-it’s clear you’ve got a wealth of experience.
@Jonathanmillspatrick Ай бұрын
Appreciate the kind words!
@kairforce1991 Ай бұрын
How can I learn more. I’m a disabled veteran from Orlando looking to expand my commercial window and door company. I would like to know more about my options
@Jonathanmillspatrick Ай бұрын
www.sba.gov/partners/lenders/7a-loan-program/types-7a-loans
@Z123-b5s Ай бұрын
Linkedin app is not support in my old mobile. thats why in here. I hv an idea. Can i pitch it?
@Jonathanmillspatrick Ай бұрын
You can send me your pitch deck to [email protected]
@Z123-b5s Ай бұрын
@@Jonathanmillspatrick check mail jonathan
@RobS_Kingmakers 2 ай бұрын
Great point on timing. Problem with a lot of modern businesses is that they're based on intangibles, which probably don't show up on the balance sheet. I guess that's where convertibles come in. Over the years, I've found that the longer one leaves it, the more convinced one becomes that they don't need it.
@brunolebrun9476 2 ай бұрын
Wow just wanted to be one of the few to comment on this and say you’re a Blessing for the world!🌎 As well this is my New Journey which this video helped me understand exactly what to do. Thank you so much Good Sir!!!
@rahiemhickmon7404 2 ай бұрын
Hey brother question what about when the lender pays your fee at the title company can you explain this process?
@Jonathanmillspatrick 2 ай бұрын
Sure. You get a fee agreement executed at the beginning of the engagement (I include it in my course). The title company cuts you a check at closing or ACH transfers the payment. You deposit it and make money. It's not complicated at all. You pay can come out of loan proceeds, depending on the lender, or out of closing costs.
@rahiemhickmon7404 Ай бұрын
@@Jonathanmillspatrick thankyou jonathan. Hey how can I get in contact with you I’m not a license mortgage broker I only deal with commercial lending and lenders that don’t require a license. But I want to ask for some advice pertaining to get my brokers license.
@Jonathanmillspatrick Ай бұрын
@@rahiemhickmon7404 [email protected]
@raysegura6669 2 ай бұрын
Great great video, very informative
@raysegura6669 2 ай бұрын
Hi Jonathan, I was watching Oz Konar videos I’m not sure if you are familiar with him but right off the bat I have to say you offer your course at a way cheaper price and you give out way more information on how it actually works. I’m really considering signing up to yours instead, any advice?
@Jonathanmillspatrick 2 ай бұрын
@@raysegura6669 hi, Ray. I’ve seen Oz’s content. I’m sure his course is good. But, yes, I have deliberately set my pricing much, much lower than most other programs. Why? 1) I don’t want to break people’s wallets. But, I feel I should be compensated for the time I took to prep the course and the knowledge I’ve built up over 25+ years that I am sharing; 2) I don’t like coming off as an “online guru”, so I’m not trying to turn courses into a full-time job.; 3) the industry isn’t easy, so I priced my course to help people hopefully have an easier ROI. But, of course, it all comes down to how much work you put in. Said shorter, my decisions are always based on trying to be a fair/good person.
@nathanaelkambaine387 2 ай бұрын
Thankyou for this vid. Is a 20(founder)/80(investor) share deal fair? He suggested I start the same business in multiple areas he is providing the capital. The split will be 20/80.
@Jonathanmillspatrick 2 ай бұрын
The only time I've seen that type of split favoring investors is after multiple rounds of funding that created that level of dilution. If this is your first round of funding the average is around 80 (founder)/20 (investor).
@nevillecreativitymentor 2 ай бұрын
I am a solo founder. Agreed a "team" is required. some nuances around that. (never mind) Now I have like a really solid pool of talent who are willing to offer technical support to my present state development. They are willing to lend their name and be open about their support. Wether they will become full time team members, or directors or any formal association with my company in the future is subjective to the investment I raise. They are seriously interested in joining up. So can I consider them to be my "Board Of Advisors"? Or do i need a formal /offical kind of document to be signed with them?
@Jonathanmillspatrick 2 ай бұрын
Hey, Neville. Are they providing advice or actual work? That determines how to move forward.
@vittaveve1939 3 ай бұрын
Mr. Hollis. A great friend, father & business man. Much love out the city bro. Proud of you my boy! Delo 💪🏾
@FrankSerrano 4 ай бұрын
Is this something that you offer as a service? To assist in attaining a loan?
@Jonathanmillspatrick 4 ай бұрын
Hey, Frank. You won’t believe this, but at 5:40pm EST I got an email from a client that I helped secure a $1.2M SBA loan for the purchase of an auto collision repair facility. No BS. So, yes, I do this for folks.
@aishaalign3249 4 ай бұрын
You should value your work. Its selfcare and selfworth. Nothing wrong with that. Dont give conterary advice if your not going in to the subject.....
@hemlo7494 4 ай бұрын
In 2008 there was no high inflation. If there was, I didn`t notice it. Now, there is high inflation, and I am noticing it.
@Jonathanmillspatrick 4 ай бұрын
It was actually higher in Q1 2008 than Q1 2024.
@scottluthy5828 4 ай бұрын
I would say the incredibly high inflation and high interest rates are killing the working class. The middle class is being destroyed.
@Jonathanmillspatrick 4 ай бұрын
You aren’t wrong. Wage growth has not matched inflation. This is exactly why I focus on working with Middle America to help them make more money.
@evaartificialintelligence3521 5 ай бұрын
thank u
@Jonathanmillspatrick 5 ай бұрын
You are most welcome.
@jason_dlsantos 5 ай бұрын
Good tips for researching competitors! I just created a video discussing how to research competitors for free. I like the 7 interview questions you proposed!
@anthonyw7237 5 ай бұрын
I've been doing alternative loans and work with private lenders. Not a fan of Merchant Cash Advances but I can do them. We can charge up to 17 percent legally.. I average 3 to 5 percent. I get mostly turn downs from other lenders by referral or simply run ads. Great business. Very lucrative
@Jonathanmillspatrick 5 ай бұрын
They are lucrative. MCAs can also be very burdensome on borrowers. I made the business decision to not be involved with them.
@davejj84 5 ай бұрын
Can i do commercial real estate lending? Fix and flip, or lending to real estate investors As a commercial loan broker? Or is this only for businesses? As retail businesses? Im so confused, whats the difference between commercial mortgage broker and commercial loan broker in real estate?
@Jonathanmillspatrick 5 ай бұрын
A comm mortgage broker only focuses on real estate deals. A loan broker does those AND lines of credit, equipment, etc.
@bushmann4222 5 ай бұрын
I wish I had found this last year, although I am currently starting my first company and this would be amazing now as well. Thank you for all your help
@Jonathanmillspatrick 5 ай бұрын
Happy to help if desired. Shoot me an email at [email protected]
@aalialadha2202 5 ай бұрын
This was really helpful, thank you
@Jonathanmillspatrick 5 ай бұрын
My pleasure!
@IsmaelSilva-t1u 6 ай бұрын
MMLS license
@Jonathanmillspatrick 6 ай бұрын
Do you mean NMLS? If so, yes, in some states that is a requirement.
@benclare5324 6 ай бұрын
Hi, great video btw! I wondered if you may be able to advise if this is right? so I recently spoke with an investor for a start up investment, I was asking for £50,000 and they stipulated they wanted 80% equity from the start and they would set "milestones" for us to buy the equity back as we paid off the investment, now I'm new to the business scene and I have no capital of my own, or anything of value to hold against the investment, so I understand this would be a strong gamble for the investor, but my business plan is strong, and I feel 80% is alot to ask for, am I right in thinking this way, or is 80% acceptable due to the circumstances of me having nothing to put against the investment and the fact I have no previous experience in running a business? Any advice on this would be greatly appreciated thanks in advance
@Jonathanmillspatrick 6 ай бұрын
That’s a loan, not an investment. The average founder gives up 15-25% in their seed round.
@benclare5324 6 ай бұрын
Oh i see, so is 80% equity from a loan average then? Or is that still steep? Thank you for getting back to me btw I appreciate it.
@Jonathanmillspatrick 6 ай бұрын
@@benclare5324 I would walk from this investor.
@benclare5324 6 ай бұрын
Yeah I have refused the offer because it just wasn't financially viable, I just wanted to make sure that this wasn't an issue I would encounter too often, I got the feeling they were trying to take advantage of my lack of experience in this field, I'm currently looking into some free online business courses to become better versed in this area, thanks again
@Jonathanmillspatrick 6 ай бұрын
@@benclare5324 its not free, but pretty affordable. jonathanmillspatrick.com/startup-funding-toolkit/
@whoisjaaxn2587 6 ай бұрын
Great video! Will be using these when hiring my next cofounder
@Jonathanmillspatrick 6 ай бұрын
Super!
@raymondcorrales987 6 ай бұрын
Does the course show how to originate ?
@Jonathanmillspatrick 6 ай бұрын
I teach you how to find deals, how I analyze them, how to pick lenders, and more.
@ammaral-garmoshi7249 7 ай бұрын
Thank you for the vid! I have a question, I am starting a business soon and an influencer offered me free ads from him and his influencers friends. How much should I give up for such an offer? He has about 40 influencers and the deal is that they would advertise for free at least once a month. Also he asked for 50% of the business. He won’t do any work but offer this service. What do you think? Thanks!
@Jonathanmillspatrick 7 ай бұрын
I wouldn't give them any equity for simply posting. Create a success-based incentive where they get equity for every X amount of revenue the generate.
@ammaral-garmoshi7249 6 ай бұрын
@@Jonathanmillspatrick Thank you! What percentage would you say is fair if they bring in a X amount of sales? Or a range of percentages. My niece suggested he should get 50% of the sales that comes from the ads he would provide. Would you say it’s fair?
@Jonathanmillspatrick 6 ай бұрын
@@ammaral-garmoshi7249 50% is entirely too high. You do not want a scenario where partners are equal. Because the reality is that no two partners will ever equally contribute resources, capital, skills, etc. I do like the idea of a revenue-sharing, instead of gifting equity. In that case, a revenue-share, I would consider giving the influencer similar rates as affiliate marketing, which is usually 10-30%. Keep in mind you will have other costs and giving away 50% of revenue would likely put you in the negative after you consider COGS, taxes, etc.
@blorebeast7371 7 ай бұрын
Sir i am gonna start a business and i have a single investor for my whole business. I dont know how mich equity i ahoukd deal with him as the business is a startup. The investor if from family, trusted one. Is there any possibke way to have 1v1 conversation with you?!
@Scorpiopaiea 7 ай бұрын
The Wadsworth constant is real.
@bushmann4222 7 ай бұрын
Sorry for the dumb question... Where can I find it?
@Jonathanmillspatrick 7 ай бұрын
www.udemy.com/course/build-your-own-financial-plan/
@jamespaceband8569 7 ай бұрын
Stop selling add value
@caev2698 7 ай бұрын
The investor will not present the terms agreement until I agree to pay the legal fees. Would the term sheet not be presented first?
@caev2698 7 ай бұрын
Can it be a scam if they request the money up front for their attorney in an email with no term agreement?
@Jonathanmillspatrick 7 ай бұрын
Sounds fishy to me.
@caev2698 7 ай бұрын
@@Jonathanmillspatrick thank you. I agree.
@Elias-yx9gx 7 ай бұрын
How many pages is a business plan?
@Jonathanmillspatrick 7 ай бұрын
However many pages it takes to properly tell your story and capture the key parts of the model. For the ones I wrote between 10-20 pages.
@jamiewoodward4732 7 ай бұрын
Well explained, I'm not the smartest guy out there but I could grasp the concept (I had to put it back acuple time lol but that's ADHA for ya) thank's for that👍
@Jonathanmillspatrick 7 ай бұрын
Glad it helped, Jamie.
@yvonbrisbois9922 8 ай бұрын
Is this ok in Canada ?
@artist.pablo.urizar 8 ай бұрын
Thank you for this info! I have a company that is in its beginning stages and this was a question that I definitely needed more clarity on. Appreciate it.
@Jonathanmillspatrick 8 ай бұрын
Glad the video helped. Good luck!
@rupika-tx7gt 8 ай бұрын
Can Canadians also give tge test and then give capital for american private equity.
@Jonathanmillspatrick 8 ай бұрын
I don’t follow Canadian laws.
@allenthomas6771 8 ай бұрын
Excellent information Jonathan. I look forward to getting more information
@Jonathanmillspatrick 8 ай бұрын
Morning, Allen. I see your responses. It may be later today before I can fully respond. I look forward to talking with you.
@BantuAzania 8 ай бұрын
Great explanation.
@Jonathanmillspatrick 8 ай бұрын
Glad it was helpful!
@heathleitner3553 9 ай бұрын
I dont know.... Something seems very Eerie and suspect about this ken guy 👀
@kendelohollis737 4 ай бұрын
@heathleitner3553 Aww man hey I’m sorry you feel that way! I assure you I try my best to add value to any and everyone I’m surrounded with. I’ve worked my way from the very bottom as a laborer on roofs and as a cook in restaurants. Hopefully you can do the same or even better! Wishing you health and wealth!
@DorianHughes-kj3ib Ай бұрын
@kendelohollis737 how can I learn more?
@thelastgeneration1926 10 ай бұрын
a friend of mine told me he left being a broker to become life insurance because life insurance is booming. What are your thoughts on that?
@Jonathanmillspatrick 10 ай бұрын
Good morning. If you look at my own model, I do both. When rates are high, commercial loans slow down. So, diversifying into other areas makes sense. Plus, many people who borrow $ also need insurance.
@thelastgeneration1926 10 ай бұрын
@@Jonathanmillspatrick good idea.
@thelastgeneration1926 10 ай бұрын
@@Jonathanmillspatrick how many months out of the year do you see yourself selling insurance?