First Call With a Private Lender

[Ben Sears]

I have my first call with a private lender set up for tomorrow morning. I'm an experienced investor that knows my numbers and market. The lender is interested in pursuing funding in our area. Are there any specific questions that are good to ask besides the obvious discussion of lending terms? 

[Rick Pozos]

As an experienced investor you should know that you do not meet people on the internet and expect to do business and not get scammed. You should deal with local businesses that you can go to their office or meet with them in person. 

Your first experience should not be on the phone, it should be in person. There are waaaaay too many people who are lending that are at the REIA meetings.