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Updated about 7 years ago, 10/30/2017
Looking for private lender vetting advice
So looking for some veteran advice on how to vet a private money lender. This guy posted in our investors group on Facebook that he does private lending. So I figured I'd play along and emailed him. He said he does 100% ltv ( very uncommon) , up 2-20 year term( never heard of that) , 6% , and doesn't take a lien position against the house. I told him the details of the property and at least his math came back correct.
Almost sounds like the Nigerian prince scam to me?
What's the saying if it's too good to be true then it is.
His name on Facebook is alexander taub and says university of oxford under his name.
Maybe a private money borrower veteran could maybe email him and ask the right questions to bet him?