Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
Private money Loan scam
I recently got an email from a private money lender saying he can give me a loan for rental at 3% fixed with 0.8% fees. It looks too good to be true and I smell a scam. How do I know if it legit or not?