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Updated over 7 years ago on . Most recent reply

User Stats

21
Posts
7
Votes
Menalik Archer
  • Rental Property Investor
  • Fort Lauderdale, FL
7
Votes |
21
Posts

Brokering Illegal?? Connecting flippers with Private capital

Menalik Archer
  • Rental Property Investor
  • Fort Lauderdale, FL
Posted

A friend of mine is flipping a couple of properties and she was looking for some private capital. I reached out to my network of private investors and connected them two together. We agreed to a small finders fee after closing. I mentioned this to another flipper in casual conversation and he said what I did was illegal and that I needed a broker license. Is this true?

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