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Account Closed
  • Investor
  • Wood Dale, IL
3
Votes |
65
Posts

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
  • Investor
  • Clairemont, CA
2,748
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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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