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Updated about 5 years ago on . Most recent reply
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Nick RutkowskiPoster
#3 General Landlording & Rental Properties Contributor
- Rental Property Investor
- Ithaca, NY
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Funding investors for flip projects
The past few weeks I’ve been getting asked to fund certain projects for people looking to flip houses. I don’t have the money but I know people who do. So my question is would it be better to connect the two people and gather a referral fee or the middle man, have the money lent to me at a lower interest rate and lend the money out at a higher interest rate? What would be the gain vs drawback of either method? Is there a better way to do it?
Just wanted some feedback to see if it’s worth pursuing.
Most Popular Reply
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I would get the referral fee and get out of it. If you are the middle man it gets way more complicated, costly, and time consuming.