Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago,

User Stats

3
Posts
0
Votes
Robin Miller
  • Residential Real Estate Broker
  • Puerto Peñasco-Rocky Point, Sonora, Mexico
0
Votes |
3
Posts

What is a referral fee amount?

Robin Miller
  • Residential Real Estate Broker
  • Puerto Peñasco-Rocky Point, Sonora, Mexico
Posted

I didn't know where to ask this question, forgive me if I am in the wrong section. The question is, if I have an owner/developer of a property that is seeking funds to complete it, and I find the investor that has the money for JV or loan or whatever they work out, I heard one time that whatever amount they settle on, my owner would pay me, not the investor correct? And that owner could pay about 1 to 2% of the amount settled on, does this sound correct? I was told that years ago, and 2% is warranted because of the scarcity of money. Another person told me that it should be a finders/referral fee of WAY less like .000625 which sounds crazy but I am willing to listen to what makes sense. Thanks!!!

I am in Mexico, so U.S. rules will not apply.

Loading replies...