Advice for a 23 year old getting started in the space.
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  1. #1
    Senior Member Reputation points: 97075
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    Quote Originally Posted by PhillyFunder View Post
    Hello All, hope this finds you well.

    I have been in the space for about 10 months now, and like to think I am finally getting it down to where I can consistently close deals, and feel confident in my abilities.

    However, I am not making nearly close to what seems achievable in this space.

    Where I work is stingy in terms of commission %, and barely even provides me with the leads or approvals to make more.

    For example this month I've had about 19 Approvals, closed 9, and funded $118,000 with an average deal size of $13,000 getting 26% commission LOL!!

    I was thinking of buying my own leads, and negotiating a much higher commission split since it would be to no cost to them, and would get to use their name to appear more professional.

    I was wondering what you guys who have been around the block for a while think, and if you could point me in the right direction to purchase some decent leads.

    Best,
    Best advice: stay away from NY funders, especially Brooklyn!

  2. #2
    Senior Member Reputation points: 305250
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    Quote Originally Posted by SmartAdvanced View Post
    Best advice: stay away from NY funders, especially Brooklyn!
    a year ago that would have been good advice , now most of the shady ones switched their addresses and the ones that have a Brooklyn address are more legitimate ( obviously not all).
    Stay away from any that does not have a real address that you can walk into. You will be surprised how many funders if you google their address you will see that it is a post office

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