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Updated about 8 years ago on . Most recent reply
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How to vet hard money lenders
I know a quick google search can lead to a ton of listings and ways to connect with hard money lenders but I know all hml are not created equal. Could anyone give any insights as to how to conduct due diligence on a hard money lender to avoid the scammers and the incompetent? What kind of documentation is reasonable to request from them?
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Beware those wanting advance fees. Many are scammers looking to take your money. The only advance fee to consider would be an appraisal fee. Any other fees would be collected at closing.