There is a business out there saying as the middle man you can make alot of money. Can this be true?
2006-08-23 03:14:57 · 2 answers · asked by mullmustang 1 in Business & Finance ➔ Careers & Employment
It is possible, but it is also extremely risky. You need to have a lot of available capitol (to first buy the mortgages) and make sure you have a real estate attorney on retainer because you can easily get burned if you're not careful.
I have a neighbor that is a mortgage broker and if/when he gets paid, his checks are usually in the five figure range, but the pay is rather sporadic and not on any reliable time table.
Good luck!
2006-08-23 03:32:43 · answer #1 · answered by Angie P. 6 · 0⤊ 0⤋
It's a tough business. You definitely can make money as a middle man, but getting your clientele built up can take time. So, if you have an opportunity to learn from a seasoned professional, and especially if you get salary plus commission (as opposed to commission only), then at least you can try it out without risking too much.
2006-08-23 10:26:43 · answer #2 · answered by Zebra4 5 · 0⤊ 0⤋