Private Lenders

[Victor Aponte]

Hello Forum,

I am getting involved in real estate rehab/flipping houses business. I own a residential contracting company but I am ready to go to next level. I have contacted some private lenders in order to get some financing options and all of them are willing to borrow money. Terms are acceptable but all of the lenders that I have contacted are asking me for an origination fee upfront. 

I ask them to deduct that amount form the amount of loan but all of the ones that i have spoken to refuse to do that

I want to ask how is the normal (standard) procedure on this cases or is a rule of thumb that they all require an origination fee? Is that a good idea to do?

Thanks for any help or orientation

Victor Aponte