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@KhaledHossain-d2s 5 күн бұрын
nice video
@alexismangondato3152 9 күн бұрын
Is this still available?
@Jonathanmillspatrick 9 күн бұрын
@@alexismangondato3152 commercialloanbrokerinabox.com/
@NoeliaVelasquez-u3p 10 күн бұрын
This video needs more volumen !!!
@GregLoudon 12 күн бұрын
How often are these mastermind groups held?
@Jonathanmillspatrick 12 күн бұрын
Hi, Greg. They were bi-weekly. This particular cohort is finished.
@GregLoudon 12 күн бұрын
@@Jonathanmillspatrick Will a similar group be coming back for new people that sign up for your course?
@Jonathanmillspatrick 12 күн бұрын
@ right now I’m not offering a group based coaching. If you’ve worked use my Fast Start package I do a 60 minute Q&A with you and you can co-broker deals together for additional support.
@AcuraMDXTypeS 25 күн бұрын
So who’s responsible for the rent or payments ? The borrower ? And is that percentage payed at the end of the year ?
@Jonathanmillspatrick 25 күн бұрын
Evening. Your question doesn't match the topic of this video. That said, the business should be paying all of its own bills. Investors are giving you money to cover those expenses, in exchange for ownership in the business.
@AcuraMDXTypeS 25 күн бұрын
@ sorry, I just couldn’t find any resources. I have zero knowledge on the investors part. I’m trying to get information. I have a family member that wants to invest money in my business. Food Truck. How can I go more about this ?
@Jonathanmillspatrick 25 күн бұрын
@@AcuraMDXTypeS no need to apologize. Being a resource is one reason I post this content. The amount of equity you give an investor depends on a lot of factors. If you, the founder, just have an idea and aren't injecting cash then you will have to give up more. If you, the founder, are injecting cash and time into the business then you'd give up less. As a generic rule of thumb, you should expect to give up to 25% for your first round of funding. At a minimum. Why? Because the investor is taking on a lot of risk investing in something that isn't live yet. You might check out my course, The Startup Funding Formula, where I walk you through more on this topic - jonathanmillspatrick.gumroad.com/l/startupfundingformula
@AcuraMDXTypeS 25 күн бұрын
@ Ty very much
@AcuraMDXTypeS 25 күн бұрын
Purchasing rn thank you for you help
@braiandasilva8837 27 күн бұрын
Can you be both a residential broker and commercial under the same entity ?
@Jonathanmillspatrick 27 күн бұрын
Thanks for the question. I don't see an issue with doing both residential and commercial brokering under the same legal entity. The other challenge I can see is if your particular state does not allow it. For that, you would want to check with your local NMLS office.
@ramakrishnanrp389 Ай бұрын
If a investor invest in seed round in 15 percentage equity what is the thing I have to give them as a return as they give me money
@Jonathanmillspatrick Ай бұрын
Their return comes if/when you are about to sell the business.
@allbiz8345 Ай бұрын
💯💯💯
@frankollennu1303 Ай бұрын
Doesn't suffice for me. Some business ideas are easy to out to life and some are very technical and tough to make it happen. So if I have a very easy business idea yet very potent, I need to be able it protect it.
@Jonathanmillspatrick Ай бұрын
The question you have to ask yourself is if you have the financial means to enforce legal documents. Getting an NDA signed or a patent issued isn’t protection. It requires money to be able to afford attorneys to enforce those documents.
@MrRepsMrReps Ай бұрын
I dont believe the average person should invest in private investments. They are too risky and prone to high fraud.
@missuniverse8931 2 ай бұрын
Hi Jonathan, Does TN require a license?
@fundedwithzach 2 ай бұрын
SBA loans are not easy. You are putting out misleading information to entrepreneurs and it’s not cool.
@Jonathanmillspatrick 2 ай бұрын
Good morning, Zach. Let's break down exactly what I said. I said APPLYING for an SBA loan is free and "pretty easy." Which it is. Applying for an SBA is as simple as contacting a PLP (which I referenced). That PLP will guide you through the process. I did NOT say getting approved for one is easy. I know that well since I led the top SBA lending credit union in Tennessee and even today have $9.8M in SBA loans with lenders right now where one might make it, while the other two may have to go the private lending route. i.e. it's not easy to get approved. Finally, I see you are trying to grow a funding KZbin channel. I wish you luck.
@fundedwithzach 2 ай бұрын
@@JonathanmillspatrickI suppose, overall though the video makes it seem to be a walk in the park when we both know that it is not. What private lending are you referring to? Sounds like you promote SBA loans and say things like it’s easy to apply, then if they don’t qualify you get the poor people into MCAs… 🐸🍵 Thanks and good luck to you as well.
@Jonathanmillspatrick 2 ай бұрын
@ I’ve never placed a single MCA. Not one.
@wise1media 3 ай бұрын
Awesome info! Very insightful!
@Jonathanmillspatrick 3 ай бұрын
Glad the video was helpful.
@jacquesmartelus 3 ай бұрын
Awsome info!
@Jonathanmillspatrick 3 ай бұрын
Glad you enjoyed it.
@Eva-li2pe 4 ай бұрын
That’s a fantastic concept!
@Eva-li2pe 4 ай бұрын
I will remember this one 🤣
@Eva-li2pe 4 ай бұрын
Inflation is a major issue!
@Eva-li2pe 4 ай бұрын
Jonathan, thank you for your priceless workshop. I’m in Real Estate in Florida, where I live. Also licensed in TN. I want to branch out into financing and intend to sign up but I might have a couple of simple questions related to commission. I’ve taken a mortgage lending course and not interested on NMLS. I look forward!
@karenwilliams5672 4 ай 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 4 ай бұрын
Hi, Karen. Call your local NMLS office and ask.
@OkiiKenneth 5 ай бұрын
Is it possible for me to get investor or start up
@Jonathanmillspatrick 4 ай бұрын
That's entirely too broad of a question.
@vorex_fn2204 5 ай бұрын
💁♂️
@tomwashingtonjr848 5 ай бұрын
Love this ❤… thank you both 🙏🏽🙏🏽 Great stuff 🎉 The Tominator-🇺🇸 TomTheMoneyGuy
@tomwashingtonjr848 5 ай 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 5 ай бұрын
Great stuff 🎉 ❤ The Tominator-🇺🇸 TomTheMoneyGuy
@WayneDupreeShow 5 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
@TheStudioManila 5 ай бұрын
This is just what I'm looking for; a dude in a Hoodie lecturing about business plan!
@Jonathanmillspatrick 5 ай бұрын
Want to get paid helping companies obtain capital? Check out my premier commercial loan broker training at CommercialLoanBrokerinaBox.com/
@eezyCollab-Yiki 5 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 5 ай бұрын
Appreciate the kind words!
@kairforce1991 5 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 5 ай бұрын
www.sba.gov/partners/lenders/7a-loan-program/types-7a-loans
@Z123-b5s 5 ай бұрын
Linkedin app is not support in my old mobile. thats why in here. I hv an idea. Can i pitch it?
@Jonathanmillspatrick 5 ай бұрын
You can send me your pitch deck to [email protected]
@Z123-b5s 5 ай бұрын
@@Jonathanmillspatrick check mail jonathan
@RobS_Kingmakers 6 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 6 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 6 ай бұрын
Hey brother question what about when the lender pays your fee at the title company can you explain this process?
@Jonathanmillspatrick 6 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 6 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 6 ай бұрын
@@rahiemhickmon7404 [email protected]
@raysegura6669 6 ай бұрын
Great great video, very informative
@raysegura6669 6 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 6 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 6 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 6 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 7 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 7 ай бұрын
Hey, Neville. Are they providing advice or actual work? That determines how to move forward.
@vittaveve1939 8 ай бұрын
Mr. Hollis. A great friend, father & business man. Much love out the city bro. Proud of you my boy! Delo 💪🏾
@FrankSerrano 9 ай бұрын
Is this something that you offer as a service? To assist in attaining a loan?
@Jonathanmillspatrick 9 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 9 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 9 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 9 ай бұрын
It was actually higher in Q1 2008 than Q1 2024.
@scottluthy5828 9 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 9 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 9 ай бұрын
thank u
@Jonathanmillspatrick 9 ай бұрын
You are most welcome.
@jason_dlsantos 9 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 9 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 9 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 9 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 9 ай бұрын
A comm mortgage broker only focuses on real estate deals. A loan broker does those AND lines of credit, equipment, etc.
@bushmann4222 10 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 10 ай бұрын
Happy to help if desired. Shoot me an email at [email protected]
@aalialadha2202 10 ай бұрын
This was really helpful, thank you
@Jonathanmillspatrick 10 ай бұрын
My pleasure!
@IsmaelSilva-t1u 10 ай бұрын
MMLS license
@Jonathanmillspatrick 10 ай бұрын
Do you mean NMLS? If so, yes, in some states that is a requirement.
@benclare5324 10 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 10 ай бұрын
That’s a loan, not an investment. The average founder gives up 15-25% in their seed round.
@benclare5324 10 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 10 ай бұрын
@@benclare5324 I would walk from this investor.
@benclare5324 10 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 10 ай бұрын
@@benclare5324 its not free, but pretty affordable. jonathanmillspatrick.com/startup-funding-toolkit/