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Updated over 11 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Investor
  • from Wood Dale, Illinois
  • Member since Feb 23, 2014
Account Closed's profile image
Account Closed's profile image
Account Closed
  • Investor
  • from Wood Dale, Illinois
  • Member since Feb 23, 2014
Account Closed
  • Investor
  • Wood Dale, IL
3
Votes |
65
Posts
Private Lending & Conventional Mortgage Advice

Hard money loan finders fee?

Account Closed
  • Investor
  • Wood Dale, IL
Posted
Hi everyone, I recently had a guy respond to a yellow letter but instead of needing to sell a property he needs a hard money loan of 35k. I told him I can have my guy contact him because I have a lender. Is there any way I can benefit from this. Maybe a finders fee? What steps should I take? Thanks for any input.
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Matt Devincenzo's profile image
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Matt Devincenzo
  • Investor
  • from Clairemont, California
  • Member since Nov 25, 2011

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Matt Devincenzo's profile image
Matt Devincenzo's profile image
Matt Devincenzo
  • Investor
  • from Clairemont, California
  • Member since Nov 25, 2011
Matt Devincenzo
  • Investor
  • Clairemont, CA
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Matt Devincenzo
  • Investor
  • Clairemont, CA
Replied

I wouldn't charge anything. Technically that is brokering and in lending as with RE brokering requires a license.

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