All Forum Posts by: Adam Wigdorski

So I had a private lender for a deal all shared away until the time when we were going to do the promissory note and etc for getting ready to close. So at the very last minute he switched from amortized 30 year interest to simple interest to which totally ruins the deal for me. Supposed to close in 5 days. And I’ve never done this kind of financing before and the lawyers paralegal told me to have my agent mark the “cash” sale portion of the contract. I’m fine with losing my earnest money but what else can go wrong if the seller doesn’t sign the contract cancellation addendum? I’d still like to buy the house. This is in NY

Doran Summers Do you have any of there contact info?

Yeah sometimes it's just hard to tell. There's no hard money lenders in my immediate area that you can just meet up and talk to. Like i had this guy contact me on LinkedIn Fortune financials http://www.fundingkey.net/ And it looks legit but I can never tell.

Anybody ever do a deal or look into fortune key financials. Fundingkey.net. Rates and such look legit. Any assistance would be much appreciated.

lol I know. Jut having trouble finding one.

So looking for some veteran advice on how to vet a private money lender. This guy posted in our investors group on Facebook that he does private lending. So I figured I'd play along and emailed him. He said he does 100% ltv ( very uncommon) , up 2-20 year term( never heard of that) , 6% , and doesn't take a lien position against the house. I told him the details of the property and at least his math came back correct. Almost sounds like the Nigerian prince scam to me? What's the saying if it's too good to be true then it is. His name on Facebook is alexander taub and says university of oxford under his name. Maybe a private money borrower veteran could maybe email him and ask the right questions to bet him?

I've also used his program and know him personaly. His low down on low down book is an early version of Brandon turners low down book

Wnyrei.com Local meetings Good look. Everything in Buffalo jumped 100k in asking the past 5 years. Niagara Falls is still good to get into