Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

25
Posts
9
Votes
Alisha Magwood
  • Summerville, SC
9
Votes |
25
Posts

How to determine if a Private Lender is legit

Alisha Magwood
  • Summerville, SC
Posted

Hi all! I am a newbie to the industry and very reluctant when it comes to disclosing personal information. I have been looking for financing options for investments properties. I came across one "company" that sounded too good. So I went into investigation mood... turned out to be a scam. So, I've come across a PML. I definitely don't want to offend anyone that is legit, but how do I go about making sure everything is on the "up and up" when dealing get with PML's who are not "companies"? Need help figuring this one out, in the event a conventional loan/ bank is not going to work out for me.

Thanks for any and all tips/advice!

Most Popular Reply

User Stats

780
Posts
450
Votes
Troy Gandee
  • Real Estate Broker
  • Charleston, SC
450
Votes |
780
Posts
Troy Gandee
  • Real Estate Broker
  • Charleston, SC
Replied

@Alisha Magwood You should definitely reach out to @Russ Scheider for more information about this. He's very resourceful and knows just about everyone in the area. 

  • Troy Gandee

Loading replies...