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Updated almost 6 years ago on . Most recent reply

User Stats

11
Posts
3
Votes
Michael Elia
  • Rental Property Investor
  • Lancaster, PA
3
Votes |
11
Posts

Become a mortgage broker for my own REI?

Michael Elia
  • Rental Property Investor
  • Lancaster, PA
Posted

A little background.

My partner is almost done becoming a PA licensed realtor with his main focus being the agent for our deals. The instructor for his course mentioned another way to save some costs would be for me to become a mortgage broker (on the side). Giving us better access to finding financing and being able to save some commissions by doing it ourselves and then reinvesting that back into the buisness.

My question would be is it feasible/ worth looking into and is there anyone out there doing this? Would this create a conflict of interest?

and what companies should I look towards if this is a viable route?

Any input is greatly appreciated. Thanks!

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