“Loan split… $500,000 non-deductible home loan… put $100,000 into the loan, split it into $400,000 or $100,000 and then go invest $100,000 in shares”
PN
Pat Noll
Equity Mates Investing Podcast ·
“If there's 200-300 basis points made on one loan, 3% and the loan officer is obligated to get 2%, I give the loan officer 2%. I take the other 1% and put that into a NEXA ledger that they can use to grow their team.”
Dropping Bombs · The Hidden Industry Where 1 Deal a Month Pays $90K a Year
Play from 16:02
16:02
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What was described
Implement a P&M model: split loan profit (e.g., 200-300 basis points) giving loan officers their legal 2% share and placing the remaining 1% in a ledger they can use to grow their branch
200-300 basis points total; 2% to officer, 1% to ledger
Said nearby on the same subject
“You have to own separate companies doing it. It can't be the same company... I now have a company called Evoland... that allows us to legally service loans at another company and pay loan officers.”
♫
Said on Dropping Bombs
“Centrelink have their FISOs, the financial- Information service. Information service offices or FISOs. Great place for free advice, but they can give you advice and investments.”
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Said on Retire Right
“In the mortgage industry, we all know what a trigger lead is... I want to give it to the loan officer. The loan officer has the highest retention rate in the business.”
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Said on Dropping Bombs
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