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Updated over 2 years ago,
Private investor- Is this a scam?
I could use some advice on this topic.
I have a reputable Hard lender set up and ready for a flip, but have recently been emailing me back and forth with a person that claims to be a private investor who has offered a really attractive loan.
My problem is I am struggling to find any information on the person. I replied to a facebook ad thru a group, and all I have is the contact persons facebook page. Up to this point they have been unwilling to provide more than conversation thru email "until we get farther into the process". The investor claim it is private family money that they lend out to investors.
I don't want to get scammed and have stopped the process, as I don't want to give any of my info without verifying it's legit.
Has anyone else worked with an ivestor like this?
it sure feels like a scam.. Even more so now that ive typed it all out.
Thanks