![]() ![]() If I can’t do something with them right now, I still check in from time to time and they said, “Well, Ricardo, I thought you was apart of the deal. I had some lenders saying that the file was declined and three months later I found out from the client that it was funded and I’m the type of guy that always follow up with my clients. And you’re saying that was a problem that you were … you came across, right, when you were trying to do it yourself? So you’re putting all this effort to get this deal going and you might just lose it and there is not much you can do. So it’s just when you’re willingly giving your deal to someone who’s not a direct lender was kind of portraying themselves to a direct lender, which is a big problem. We submitted it and it didn’t get approved” and you don’t know enough, you’re like, “Well I guess I’ll just go find more deals.” But they funded behind you so they take … so when you say a backdoor that’s what it means in this industry, right? The other option is they can just take our file and come back and tell you, “Hey Ricardo, man, this file doesn’t look good. One is your commission is cut at least by half, sometimes, maybe more. Now too, this has two biggest disadvantages. So you’re sending your deal through a middle man and he’ll take it and he’ll send it to a direct lender. And what could end up happening is you sign up with someone as an ISO and you get a deal in the pipeline and you want to submit it and it turns out this guy is another middleman. The problem is you don’t really know if they’re direct lenders or not just because they say they are direct lenders on their website does not make them a direct lender. The counter argument would be, well Oz, Ricardo, why don’t I just go to Google and just look up lenders and build my own list and start submitting deals. But the challenge is to find who the real lenders are. So your biggest partner are the lenders who fund the money. But the main problem is you’re not funding deals with your own money. That’s just not, that’s not the issue, right? You don’t need to be licensed or you can just start doing it. Like you can go ahead and become an ISO tomorrow. And I don’t think many people understand it. So it’s a lot of risks that you put in up that you may not get paid. You don’t even know if they’re going to pay you. The challenge is when you’re trying to do it yourself, you don’t know if the lenders that you’re dealing with is really brokers and you don’t know if you’re submitting a deal to someone that’s going to steal your deal. And what have you found out? What kind of challenges did you have when you were trying to do it yourself? And you kind of try to do this yourself or you dabble a little in there. So you definitely need a team behind you.Ībsolutely. And some people will tell you that do it this way, but you tried that way it’s wrong. And I said, well I need to be there for my kids that I need to make money, so what can I do? So I was dibbling and dabbling through the merchant cash advance world and I said I need a little bit of help because you need support there’s a lot of things that you don’t know in this industry. Prior to that I was working at warehouse doing 10 to 15 hours and I have kids and I would never see my kids. I’m from Baltimore, Maryland and I joined the financial industry about three years ago. So Ricardo, for those of you who might not know you and my YouTube channel, can you give a little brief rundown of who you are and what you’ve been doing prior to the blueprint? Great to be finally meeting you here in front of the camera. I have Ricardo here who recently started out with my program. This new family of releases starts off with two big upgrades: Automatic Installer Downloads (via BitTorrent) and the new Vuze Core 4.5.0.4 for even faster BitTorrent downloads.All right everyone Oz here and we are doing another interview with one of my members. We also added a new feature for those users that complained about the FrostClick Promotions, If you’re not into supporting independent content creators we understand, and now you can go to the FrostWire Settings and turn the promotions off altogether. You will only see the FrostWire or FrostClick logo which is the default welcome screen of the application. Our Android efforts are well underway by now, the FrostWire App for Android is very usable and it should be getting a “beta” label pretty soon. In the meantime the application has been tested in over 250 cities all over the world (by a few folks on each) and it’s getting ready for showtime. That means that the next step will be FrostWire for Desktop talking to your Android device. ![]() This will be one of the major additions to FrostWire for Desktop 4.21 series. Expect great tools to copy files from/to your Android device via Wi-Fi. ![]()
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