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11-24-2009, 02:33 PM #1
Renter
- Join Date
- Nov 2009
- Posts
- 1
Lending your commission as a second to the buyer
I would like to find out if any of the other real estate professionals on here have any experience with using their commission as a loan to the buyer.
Has anyone set up a second loan and then received a payment stream after the sale?
Has anyone actively advertised such a program?
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11-25-2009, 07:57 AM #2
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- Join Date
- Sep 2007
- Location
- Outer Banks
- Posts
- 1,282
For it to be legal it will have to be on the HUD. If it is on the HUD it will be picked up by the underwriter, and in this lending environment it will jeopardize the deal unless the buyer is very strong. If the buyer is very strong they won't need the second at closing.
Your Outer Banks real estate agent. Learn how to buy Outer Banks foreclosures.
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