From Mentally Overwhelmed to Breakthrough on a Same Day EMD request!
Through taking action, I learned that to really overcome overwhelming feelings I needed to SIMPLIFY everything - my conversations, my processes, my systems, everything. I have been fortunate to partner with others to learn how to be successful while taking action alongside them. ๐Here is an example of what Iโve learned and how Iโm applying it to my business: As a Transactional Funder, I fund EMD, Double Closes, and down payments for Stack Method opportunities. I received a last minute EMD funding request for same day funding on one of the busiest days of the year for closing transactions - ๐ญ๐ก๐ ๐๐๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ก๐๐ง๐ค๐ฌ๐ ๐ข๐ฏ๐ข๐ง๐ - talk about overwhelming! Did I fund this request?? ๐จ Spoiler alert! - ๐ ๐ฑ๐ถ๐ฑ, but hereโs how I was able to accomplish this while under pressure. ๐ Asking questions - to fully understand the scope of the borrowerโs needs and where they are at in their real estate journey. ๐ Communicating clearly, calmly, and consistently. - This was a high stress experience for the borrower. They needed to get funding TODAY and STAT or they would lose this awesome opportunity! Being frustrated or annoyed doesnโt solve anything and being able to help calm the situation to better accomplish the goal is always a priority. ๐ Having clear and simplified steps for the client to follow - I understood my process like the back of my hand and was able to communicate this simply to the borrower. We followed my proven process and we were able to fund this deal within a couple of hours!๐ The borrower was brand new to the real estate world. It was their first acquisition and they thought asking for money was as simple as sending me the wiring instructions.๐
Funding this deal the same day as requested the day before Thanksgiving was INSANE but this really proved that 1.) knowing your processes, 2.) sticking to them, 3.) having the systems in place to following through on them, and 4.) having the peace of mind everything checked out to fund confidently and safely was possible!! ๐