Updated over 5 years ago on . Most recent reply
Can a 16 year old collect Finders Fees?
Here's my idea. I legally cannot qualify for any sort of loan (I’m only 16), but I CAN help Investors find good deals right? So lets say I set up a lead generation system to find distressed properties, analyzed them, then sent them over to an investor in turn for a finders fee (1% of the values property, so if the home sold for 100,000, the finders fee would be 1,000) That way I could build relationships with investors, build up money to start investing myself, and get my feet wet in the RE world.
Again, I could be completely wrong as I still have lots to learn, but I'm eager to start making things happen and I would love to hear your thoughts!
PS - If you know any Real Estate Agents or Brokers who understand how Finders fees/Commissions work, I would love to talk to them to find out more, or work for them any way possible, Thanks!