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Updated about 6 years ago on . Most recent reply

User Stats

134
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61
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Jim Froehlich
  • Investor
  • New Hampshire
61
Votes |
134
Posts

How hard is it to sell money?

Jim Froehlich
  • Investor
  • New Hampshire
Posted

Mortgage & Lending broker experts...how hard is your job?  How hard would it be if you only did it 10-20 hours per week?  I keep getting advertisements to pay $500/month to start my own "$25,000 branch" as a commercial mortgage broker (receiving training, setup, etc.). My wife and I have been talking over adding this possibility to our "real estate bucket"...but I'm very hesitant.  I saw some limited stuff on forums about this, but really want some expert opinions on time put in versus likely commissions and whether it can complement a real estate investor or it just turns into its own stressful long-term job.  I feel like helping others close deals can only help my own investing career.  Based on the number of people that hit my in-box offering capital for deals, I'm trying to gain a better sense of the competition.  Thoughts? Experience?

Most Popular Reply

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43,062
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63,579
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
63,579
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43,062
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

LOL   this is a non starter..  only one making money are the guys charging you..  Lending is a full time gig tons of competition and most real good lenders have a stable of realtors or investors in their hip pocket

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JLH Capital Partners

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