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Updated about 6 years ago,

Anthony Miller's profile image
Anthony Miller's profile image
Anthony Miller
  • Rental Property Investor
  • from Cleveland, OH
  • Member since Mar 10, 2017
  • Posts 18
  • Votes 3
  • Experience 17 Yrs
  • Investments 1
Connect

User Stats

18
Posts
3
Votes
Anthony Miller's profile image
Anthony Miller's profile image
Anthony Miller
  • Rental Property Investor
  • from Cleveland, OH
  • Member since Mar 10, 2017
  • Posts 18
  • Votes 3
  • Experience 17 Yrs
  • Investments 1
Connect
Anthony Miller
  • Rental Property Investor
  • Cleveland, OH
3
Votes |
18
Posts
Buying & Selling Real Estate

Private Money Lender

Anthony Miller
  • Rental Property Investor
  • Cleveland, OH
Posted

I am trying to decide whether or not to use the services of a Private Money Lender.  I'm being cautious because fraud is rampant and as a buyer I always want to be aware of what I'm signing up for and getting my money into.

I won't identify the private money lender by name, but I will say he lends out of Texas and claims he's been lending for 4 years.  

My concerns: 1) He has no website, 2) His paper communications with me have no letter head, 3) At times he is slow to respond and 4) He is not on Bigger Pockets

Any suggestions on how to vet out of state private money lenders?  Does any of this signal a Red Flag for you?

Thank you.

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