Private Lenders' Podcast Top 3 Most Common New Lender Mistakes - #279
Top 3 Most Common New Lender Mistakes - #279
In this episode of the Private Lenders Podcast, hosts Chris and Jason break down the three most frequent mistakes new private lenders make—and how to avoid them for long-term success.
🔹 Topics Covered:-
Over-leveraging loans Lending at high loan-to-value ratios (90–100%) with little borrower equity may seem appealing early on, but it often leads to late payments, defaults, and portfolio losses if not corrected quickly.
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Poor understanding of property values Relying solely on borrower estimates or surface-level metrics can be risky. This episode emphasizes the need for lenders to conduct thorough underwriting using tools like MLS data, appraisals, and public records.
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Lack of marketing efforts Many lenders underestimate the importance of a consistent marketing strategy. Without steady deal flow and strong borrower quality, even the best underwriting won’t lead to long-term success.
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