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Private Lending & Conventional Mortgage Advice

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JERMAINE LUCAS
  • Investor
  • Woodbridge, Virginia, landlord
21
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98
Posts

paying a fee to find a private lender

JERMAINE LUCAS
  • Investor
  • Woodbridge, Virginia, landlord
Posted Apr 7 2014, 18:16

Hi BP nation Jermaine here, I just ran into a friend I havent seen in years she asked how was my real estate business doing, I told well and that I was in the process of locating funds for a 6plex $45k at 10% interest, she then told me she know someone who would be interested in lending me the $45k I need but she would like to get a $500.00 finders fee after the deal closed.

What do you guys think, I always use my money in the past but I like this deal.

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