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  1. #1
    Senior Member Reputation points: 20465 Fundyman's Avatar
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    Quote Originally Posted by WestCoastFunding View Post
    Being broke is a huge deal because they were portraying themselves as in-house lenders with access to plenty of institutional money. Yet they can't even pay this commission.

    But this makes sense considering Juan's previous Chapter 11.
    Well, it's obvious they would claim to be "in-house,"given the fact that they work out of their 2-bedroom apartment... That's still no excuse for not paying someone their commissions when the lender sent them out! I was paying my co-brokers their commissions when I was working out of my room.

    Why can't they do the same??? I had brokers so broke, they asked me to wire them half my broker fee prior to them even receiving their commissions! They didn't even have a stable place to stay, but yet paid me right as soon as they got paid. I don't see what the problem is...

  2. #2
    Senior Member Reputation points: 503040
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    Quote Originally Posted by Fundyman View Post
    Well, it's obvious they would claim to be "in-house,"given the fact that they work out of their 2-bedroom apartment... That's still no excuse for not paying someone their commissions when the lender sent them out! I was paying my co-brokers their commissions when I was working out of my room.

    Why can't they do the same??? I had brokers so broke, they asked me to wire them half my broker fee prior to them even receiving their commissions! They didn't even have a stable place to stay, but yet paid me right as soon as they got paid. I don't see what the problem is...
    Was this a Cali deal? Almost positive they lack a Cali CFLL license, and may not be able to get the commission from Lendistry until they obtain one.

  3. #3
    Senior Member Reputation points: 86941
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    Quote Originally Posted by Fundyman View Post
    Well, it's obvious they would claim to be "in-house,"given the fact that they work out of their 2-bedroom apartment... That's still no excuse for not paying someone their commissions when the lender sent them out! I was paying my co-brokers their commissions when I was working out of my room.

    Why can't they do the same??? I had brokers so broke, they asked me to wire them half my broker fee prior to them even receiving their commissions! They didn't even have a stable place to stay, but yet paid me right as soon as they got paid. I don't see what the problem is...
    you sent deals to brokers who didn't have a stable place to live and needed an upfront advance until their commissions were paid from your psfs?
    Last edited by fundingsmbs; 10-23-2018 at 12:28 AM.

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