How to sniff out a scam for use of funds?

[Johnna Lodge]

I have been active on the internet lately promoting some properties.

I received an email asking if i needed use of funds and for what for from a direct internet connection.

I responded with:

Transactional funding use of funds for 24 hours or maybe up to 3 days max

Rehab funding acquisition to disposition 6 months use max

Long term hold funding acquisition, rehab and paying back the loan with funding from tenant funding 10 years if acceptable.

Odd things:

1) Speaks broken English with complete American Name (Sounds Asian)

2) Uses a google voice number

3) Asks if i am married

4) Calling me several times asking me the same questions that i had already answered.

5) Gave terms but never said anything about approximate value of property that he would loan on ie 65% LTV 70% LTV

Terms:

10% down and 5% Interest from $50K to 1M send a copy of my license. And i would need to sign a guarantee document that his CA attorney will provide.  i requested this form

I looked on google to find this person but could not tell if this was the right person on the internet.

I am going to ask for direct phone number.

If it is a scam an naive person would send the 10% expecting to get the remainder funding but it never comes.

I am thinking that this looks like a duck and sounds like a duck..

Any suggestions?

Thanks,

Johnna

[Gary Shaw]

Quack, Quack!