Hard Money/Private Money- Real or Scam?!?

[Tadela Tedemet]

So I am looking for some hard money/private money for brrrr investing and I have so many people asking me if I need a loan, but then I have other people telling me to watch out for scammers. I am new to this lending thing, what should I look out for as far as scammers? How can you tell the difference between the real thing, and what kind of scams do these people run?

Thank you in advance for your response. 

[Jay Hinrichs]

I wrote a blog on it for BP if you can find it.

but normally any up front fee other than apprasial or modest app fee to cover credit report is a red flag.

rates too good to be true  ESPECIALLY now rates jumped up a bunch

and right now first time borrowers are going to have a really hard time finding anyone to do a deal with them without 50% cash down or right about there.

bad english

approve you too quick just send 500.00 bucks..

paying points before the loan closess.

bad website  or no website.

you want to stick with the ones that are well known here is a few.

Lima one
Lendinghome
Lendingone
Renovo
Aloha
Civic
Iron Bridge

all of the above are real.