Fake private lenders

[Tania Ninerell]

I am new to real estate. I found a private lender. He is willing to give me 100% with 3% interest on a $150 k loan. He said he needs my bank account to deposit the money. Does this like a scam or is it legit? How does one know? I don't know how it works. I would appreciate feedback.

[Michael Fischbach]

@Tania Ninerell Ask him this! If he truly is a lender! Tell him you want to do a reverse wire transfer. That should flush him out! or you can simply set up a DBA business account for him to wire you the money! Irregardless if you sign an agreement if the money doesn't show up you don't owe a dime, but you keep him away from your personal accounts!