Mortgage Brokers & Lenders
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago on . Most recent reply

Mortgage Loan Officers
I’m considering pursuing an NMLS license and work as an MLO. I’d appreciate the chance to discuss this industry with any professionals in the DC Metro area. Thanks
Most Popular Reply

@Mike Celli I was able to ge the following paydays:
1. Wholesale fee - Via my investment company aka my LLC ($15,000) for finding the deal (This was in the agreement, full disclosure)
2. Realtor listing Commission - 3% Commission = $5,550
3. Realtor Buyers agent - 3% Commission = $1,550
4. Mortgage Loan Originator Commission - 1.75% Commission - $3,124
5. Rehab & Flip Profit = $50,000/2 = $25,000 each
** And the beauty of this deal was I didn't put any of my own money. OPM Baby!
Life is GOOD!