Put down payment for private money in escrow ?

[Terrez Jarrett]

How do I go about protecting my down payment when getting private money from a lender? Do I put it in escrow?

[Wayne Brooks]

@Terrez Jarrett Total absolute scam...No One lends flip money at 5%, period.

I’m guessing you didn’t have to provide any kind of real verified financial info, or have a credit report pulled, to get “preapproved”?

You send the $1,520 fee in, you never hear from them again.