All Forum Posts by: Robin Allen

Because this is sunny CA the complexes are extremely expensive and even 1% is a lot of cash. I am doing the bird-dogging to earn $ to move forward. Regardless of what is said this is a rich person's game. If you do the bird-dogging (referral of properties) is an agreement standard between parties or is it a "hand-shake" relationship?

As a new investor I understand the need to get homes under contract, but is it better to refer apartment complexes as a bird dog and get a fee or to try and get under contract? How difficult is it to get commercial under contract? Earnest money? etc.

My gut feeling said "Why would he send his license" but also gave me a better feeling of it actually is a person. I stopped short, but not by much. Is the only way to meet Private Money Investors through Investment Groups?

Thank you. What I heard is that upfront origination fees are a no - even with private investor. That I should expect appraisal and similar fees with others tucked into loan. First straight answers I have received. 

I realize I am a newbie but figured I'd get better advice on this thread. If you can tell a illegitimate lender by their "upfront origination loan fees" can you explain what are the requirements for private lenders? I even had a guy send me copy of his (or somebody's) drivers license and corporate papers. He asked for $760 upfront origination fees. How do you identify the good ones? You need loans to do this and isn't that the reason for private lenders instead f banks. Just trying to figure it out.