All Forum Posts by: Danny Nelson

@Eladio P. Glad to see your reply, that is also the conclusion I came up With. Please see Inbox

@Joshua Massari did you ever get your answer?

So here is part of our conversation

@Grant Rothenburger

Thanks @Grant Rothenburger , it was all pretty clear once Once the team here at BP explained a few things to me.

@Mindy Jensen I am not working with him. I refused to send him any money. but I still want to know in the case of a legit hard money, or private lender, how is the title held. Is it a lien or what? 

@Jay Hinrichs, you are absolutely correct. you just spelled out exactly what happened in my situation.

I am 99% sure its a scam, as he just asked me for the funding fee upfront.

I have never borrowed for any of my past real estate purchase. I have funded the transactions myself, or with family money. If I do get a loan from a reputable Hard money lender, how would I take title? and how do they ?

If this does turn out legitimate, how should the title be held?

@Bill F. Thats Gold! thanks, for the knowledge, I now  know other ways I  can analyze his legitimacy, an those to come in the future. 

@Alexander Felice I had these hesitations about him.  As our communication continued, and he didn't seem to have much in the way of requirements from me or quality control, I started feeling uneasy.  The only reason I didn't just cut off communication, is because I am new to this, and didn't want to be dismissive. 

Thanks to you all, I know better.

 @Brian Schmelzlen I just learned something from you! Thank-you for the well thought out answer, I knew something was a miss which is why I went on this forum to ask. I Searched for him, and couldn't find any records on the internet. I also however needed to learn how these things should be structured. How do you advise I take title, if this guy does check out?