BiggerPockets

Hello, my name is Corey Bell, of Note Financial Services. I started out as a performing note finder/broker, back in 2006 and as of last year I recently moved up to purchasing some notes not all for my own portfolio. Now that that is out of the way.

I recently had 3 NPN's come to my inbox, and while normally I would push them to the side, I thought that I would try sending them out to a few NPN buyer prospects and test the waters, and so far I have gotten one response, which sounds pretty promising.

:idea:Now own to my question: How much should I charge for finding these NPN's. When I was a note finder/broker I would normal charge between $1 to $2K to the investor, but I do not know the proper protocol with NPN's.

I need some Advice

Thanks

Steve,
So if I am understanding you correctly, like back in my note finder/broker days, is that if I get a offer for lets say hypotheicaly speaking $15K then I deduct my fee of $1K and offer my client $14K.

Yes just discount your offer from the investor/buyer by whatever you wish to make as usual. If you get an agreement from the seller at your discounted offer, you will get the difference at closing.