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Updated over 5 years ago on . Most recent reply

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Damien Smith
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Damien Smith's profile image
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Damien Smith
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Damien Smith
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25
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Mortgage Brokers & Lenders

Private Money Lender

Damien Smith
Posted

Ok so I am trying to get into real estate investing. Enter Private money lenders. One I am dealing with says the process the loan at %100. But let’s say your loan in is 40K, they give you 45, you take 40 and send them 5K as a fee. Is this legit? Please go easy on me, I’m just trying to get off the ground, but not get scammed.

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RH Richards's profile image
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RH Richards
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RH Richards
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  • from Orlando
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RH Richards
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  • Orlando
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RH Richards
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Run.

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