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Updated over 9 years ago on . Most recent reply

Del Reese's profile image
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Del Reese
  • from Bowie, Maryland
  • Member since Mar 28, 2011
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Del Reese's profile image
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Del Reese
  • from Bowie, Maryland
  • Member since Mar 28, 2011
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Del Reese
  • Bowie, MD
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Private lenders on Myhousedeal.com

Del Reese
  • Bowie, MD
Posted

Has anyone on BiggerPockets dealt with the private lenders on MyHouseDeal.com? Wanted to get some feedback before I reach out to some of the private lenders on their site.

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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

A 4% interest rates is incredibly low for this sort of loan.

An upfront fee is a warning sign you're being scammed. There's a good chance the only money that will ever change hands is that fee.

Your inability to actually speak with this person is also a warning sign.

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