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11-05-2017, 01:50 PM #8
- Join Date
- Feb 2017
- Posts
- 3,381
50% for just a placement is a rip-off, I agree. MOST of the work is the relationship and the app!
On the other hand, if the other broker can do something you can't (they teach you how to manage this type of loan), then 50% is fair. I would never take less than 40-50% on a real estate deal - most of the work is AFTER they've accepted the loan T&C, whereas in MCA most of the work is getting the docs prior to T&C.