Anyone with hard money loan experience

[Elizabeth Zuniga]

I need help with a hard money contract that I am about to sign. I need to make sure that it isn't a scam. This particular lender doesn't use collateral for his loan. He uses insurance and there is an insurance fee that I have to pay. Other than that, don't have to pay for anything else, but my monthly fees of course. What do you guys think?

[Guy Gimenez]

@Elizabeth Zuniga

I think you now know the answer. You will likely never get funding and your upfront cash will be gone. Again, run, don't walk from this deal.