Bestbuy eBooks - Power Brokers Guide.

Would You Walk Away From a GUARANTEED $150,000 a Year?

Do You Want to Work for Someone Else, Making Them Richer Until You are 65 or Older?

Do you enjoy being a slave to your alarm clock? Look forward to long commutes and rush hour traffic? Do you like rising gas prices eating away at your paycheck? Do you enjoy answering to someone who is less qualified than you?

If you answered yes, don't waste your time reading any further, you have come to the wrong place. On the other hand, if you want to learn how to make at least $150,000 a year in your own home business as a commercial mortgage broker, read on...

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What is a Commercial Mortgage Broker?

A commercial mortgage broker simply arranges financing for commercial properties with a lender, on behalf of a client, for a fee to be paid at closing. Commercial properties are simply business properties or residential properties of five or more units. Some examples are: shopping centers, apartment buildings, hotels, resorts, golf courses, office buildings, industrial buildings and others.

Brokerage fees generally range from 1% - 3% of the total loan amount. So if, for example, you arrange financing for the acquisition of an apartment complex, where the amount borrowed is $5,000,000, your fee would be in the ballpark of $50,000 for a few weeks work. Best of all, the bulk of your work is generally on the front end, since once you find a lender to handle your client's request, they will take it from there.

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But do I Need a License or a College Degree to Broker Commercial Mortgages?

Most states do not require commercial mortgage brokers to be licensed or to have a degree. Some states also have other stipulations imposed on the broker besides licensing. Be sure to check the most current laws of each state you intend to operate in to make sure you meet all requirements. Even if you live in a state that requires a license, it is still possible to broker in other states via the internet.

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But How Much Can I Really Make as a Commercial Mortgage Broker?

The commercial mortgage industry is ever expanding and vastly underserviced. That means there will always be enough work for you. The commercial real estate market does not experience the extreme highs and lows that the residential side does.

Take a look around your city or town. How many commercial buildings are there? Now look at the real estate listings and get an idea of how much these properties are worth. These properties are typically refinanced every three to seven years. Now look around and see how many are for sale. How many are being built?

But you are not limited to your own geographical area or even state, you can broker all around the country, thanks to the internet. Are you starting to see the big picture? Pretty exciting, huh?

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To ...

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