Vetting Hard Money Lenders

[Alicia Waldman]

Hello All,

I'm new to BP and am using this site as source to educate myself about REI. My strategy is to rehab, buy and hold. I've found a few companies that offer 5 year interest only rental property programs. And I've learned a lot in the forums about what these lenders will expect from me especially since I'm new. However, I can't find concise information on what I should expect from them. Is there a basic set of questions I should ask them? Are there key words that I should listen out for? What is the best way for me to vet a reputable firm? Thanks!