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Updated over 7 years ago on . Most recent reply

Account Closed
  • Investor
  • Denver, CO
582
Votes |
736
Posts

Do you know your lender?

Account Closed
  • Investor
  • Denver, CO
Posted

In all fairness, I know this won't be a popular topic, and I'm going to post up and wait for replies rather than facilitate the discussion....so here goes....

I've seen a lot of advertisements, I've received a few offers, and I've seen a lot of offers for "hard money loans" or "private money lending".  On one hand, I see this as a positive for investors and folks trying to make a better life for themselves.  On the other hand, to be frank, I see this as a fabulous opportunity for money laundering.

I'm serious about this...and it's been in the back of my head for a bit.  First and foremost, if I borrow from a "hard money lender" who has funds originated from a "Drug Cartel" or an "Organization Sponsored by ISIS" or any other shady resource, how would I know?

How do you verify where your private money loans are coming from?  How do you know you aren't unintentionally committing an illegal act by borrowing from "dirty money"?

Most Popular Reply

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Ned Carey
  • Investor
  • Baltimore, MD
12,724
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16,434
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Ned Carey
  • Investor
  • Baltimore, MD
ModeratorReplied

I won't comment because I value my kneecaps.

  • Ned Carey
  • Loading replies...