Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Georgia Real Estate Q&A Discussion Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

5
Posts
6
Votes
Velma Trayham
  • Flipper
  • Atlanta, GA
6
Votes |
5
Posts

Who are reputable private money lenders in Atlanta, Ga ?

Velma Trayham
  • Flipper
  • Atlanta, GA
Posted

I recently had someone who claimed to be a private money lender ask to log in to my bank account as a criteria, which then I began to get skeptical. And when I began to ask questions of the lender like what his website, references  of others in which he  have loaned money to, the reply was he cant share his other clients information. So basically nothing verifiable. When I googled his name nothing came up. He claimed he was not on social media. I mean come on .. who is not on social media these days?  Long story short..... I think there are some scams on these sites posing as lenders to get your personal information. I have previously been funding my deals myself but now have decided to leverage my money by using private money. Have anyone experienced this before? How can we prevent this from happening especially  to someone that may not be savvy enough to ask the right questions and conduct the proper vetting? 

Any good solid credible  referrals for private lenders investing in Atlanta, Ga area?

Most Popular Reply

User Stats

313
Posts
207
Votes
Stan Sugarman
  • Investor
  • Decatur, GA
207
Votes |
313
Posts
Stan Sugarman
  • Investor
  • Decatur, GA
Replied

I am a lender in Atlanta and have never heard the bank account log in criteria before. I have asked for bank records but the borrower can black out all but the last 4 digits. The industry is unlicensed in Georgia but a reputable lender should have references to share. All of us lenders know each other and refer business back and forth so feel free to ask questions. The big companies are Lima One, Angel Oak and Paces Funding. We are a niche lender so we don't offer the range of products they offer.

Loading replies...