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.
Rehabbing & House Flipping
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 almost 9 years ago,

User Stats

78
Posts
9
Votes
Lian Shi
  • Aberdeen, MD
9
Votes |
78
Posts

Private money lender registration fee

Lian Shi
  • Aberdeen, MD
Posted

hi all, 

We have a property under contract and we are seeking private money lender to fund the gap. A private money lender approached us on Facebook and is willing to fund the full Gap. However, they would charge a one time registration fee upfront and can't roll into the loan. Has anyone worked with a private money lender who charges a fee? Is this a scam or normal? How can we know if this is legit?  Please help us ASAP.  Thank you.

Loading replies...