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Updated almost 9 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

782
Posts
450
Votes
Troy Gandee
  • Real Estate Broker
  • Charleston, SC
450
Votes |
782
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

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