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Updated over 1 year ago on . Most recent reply

Mollie Hess's profile image
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Mollie Hess
  • New to Real Estate
  • from Columbus, OH
  • Member since Jun 23, 2021
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36
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18
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Mollie Hess's profile image
Mollie Hess's profile image
Mollie Hess
  • New to Real Estate
  • from Columbus, OH
  • Member since Jun 23, 2021
Connect
Mollie Hess
  • New to Real Estate
  • Columbus, OH
18
Votes |
36
Posts
Private Lending & Conventional Mortgage Advice

Hard Money Direct Deposit

Mollie Hess
  • New to Real Estate
  • Columbus, OH
Posted

Hi everyone. I've been in contact with a hard money lender and their information says that they direct deposit the loan amount into my account. I hadn't heard this before and wanted to know if this is common practice in this space? 

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Mollie Hess's profile image
Mollie Hess's profile image
Mollie Hess
  • New to Real Estate
  • from Columbus, OH
  • Member since Jun 23, 2021
Connect

User Stats

36
Posts
18
Votes
Mollie Hess's profile image
Mollie Hess's profile image
Mollie Hess
  • New to Real Estate
  • from Columbus, OH
  • Member since Jun 23, 2021
Connect
Mollie Hess
  • New to Real Estate
  • Columbus, OH
18
Votes |
36
Posts
Mollie Hess
  • New to Real Estate
  • Columbus, OH
Replied

@Jeff S. Yes, I've been skeptical of all those things you listed and more. It was seeming like a scam but even has a good rating with the BBB. I'm very glad I asked first. I haven't given them any information yet.

Thank you so much for your reply!

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