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Updated almost 4 years ago,

User Stats

12
Posts
4
Votes
Joseph Zimlich
  • Sacramento, CA
4
Votes |
12
Posts

Vetting Private Money Solicitors

Joseph Zimlich
  • Sacramento, CA
Posted

Good day BP community!  As I'm starting to get my contact info out in the world, getting myself on wholesaler lists etc, it's not surprising to get some tangentially related solicitation emails.  Many of these claim to be private money lenders (usually offering around 6%).  Statistically speaking, some are likely to be low quality services, some are likely to be unscrupulous types trying to steal my identity, but I'm hopeful at least a couple are legit people just trying to make money like you and me.  And since I don't have any existing relationships, I have to start fresh with someone. How do you go about vetting these solicitors without exposing yourself to undo risk?

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