How to tell if a hard money lender/ private money lender is legit

[Kimothy Bynum]

Hey guys I'm looking at private money and hard money lenders. I was referred to a lender and the terms look really good? How can I tell if they are legit tho I see their LLC is registered. But anything else I need to look into?

[Kimothy Bynum]

Quote from @Kevin Woodard:

Do they have a page here on BP or any other real estate investor oriented blog/page, think Facebook. Are they registered with American Association of Private Lenders? I would also shop around and see if they are in the ballpark of other hard money / private lenders. 

Hope this helps. 

 You just helped me out Facebook post saying they are not good!