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All Forum Posts by: Mario Gamilo

Mario Gamilo has started 4 posts and replied 16 times.

Post: Private Money Lenders

Mario GamiloPosted
  • Homeowner
  • Bronx, NY
  • Posts 17
  • Votes 3

@Jeff S. 

i agree.

they ask your personal info right after you tell them how much are you looking to borrow. this is when I ask

"is there going to be an upfront fee before we sign the contract". some say no, then I ask again "how about insurance fee, verification fee, or security fee etc.

then they say. there is a $ 500 ...fee.. they never get my info after that. then a conscience or a nasty email is what I get next.

PrivateMoneGoldmine should be liable for this. its like harboring terrorists. same case

Post: Private Money Lenders

Mario GamiloPosted
  • Homeowner
  • Bronx, NY
  • Posts 17
  • Votes 3

follow up:

in the end he asked for $ 650 Verification fee.

beware

below is the thread

Hello Mario,

It cant be paid through an escrow, because it will be used in verifying you and all your information's from your loan application forms. Thank you !

ANGEO PRIVATE LENDING
Anbalagan George
904-428-8253
904-562-2867


 To: 'Anbalagan George' <[email protected]>
Sent: Thu, Jan 15, 2015 3:07 pm
Subject: RE: Angeo_Loan_Offer

And that would be paid on an escrow account; correct?

From: Anbalagan George [mailto:[email protected]
 
Subject: Re: Angeo_Loan_Offer

Hello Mario,

Loan verification amount is $650. That's all. Thank you !


ANGEO PRIVATE LENDING
Anbalagan George
904-428-8253
 
 
 
To: 'Anbalagan George' <[email protected]>
Sent: Thu, Jan 15, 2015 07:24 PM
Subject: RE: Angeo_Loan_Offer

I was looking at $ 400K.

From: Anbalagan George [mailto:[email protected]]
Sent: Thursday, January 15, 2015 1:09 PM
 Subject: Re: Angeo_Loan_Offer

Hello Mario,

What is your loan amount and loan duration? I will know with this. Thank you!


ANGEO PRIVATE LENDING
Anbalagan George
904-428-8253


-----Original Message-----
From: Mario Gamilo <[email protected]>
To: 'Anbalagan George' <[email protected]>
Sent: Thu, Jan 15, 2015 06:27 PM
Subject: RE: Angeo_Loan_Offer

And how much would the verification fee be?

From: Anbalagan George [mailto:[email protected]]
Sent: Thursday, January 15, 2015 12:25 PM
To: [email protected]
Subject: Re: Angeo_Loan_Offer

Hello Mario,

Good morning, I might request you to pay for just verification fee. After which, we do our verification process through our attorney between 4-5 days and you will be approved.

You will receive a free gift basket from us at your approval. Then your Loan agreement will be prepared in 24hours, after which you will be funded. Any further questions , please ask?


ANGEO PRIVATE LENDING
Anbalagan George
904-428-8253

Post: Private Money Lenders

Mario GamiloPosted
  • Homeowner
  • Bronx, NY
  • Posts 17
  • Votes 3

@Ned Carey @J Scott 

(million dollar info even J Scott worked. check is on the mail - oh, no solicitation   so a million thanks might do)

this is why I reach out to pros. it is kind of suspicious.

the lender is Angeo Private Lending if anybody want to comment about them

https://www.linkedin.com/pub/anbalagan-george/aa/5b4/7a0

I don't think pdf is allowed. it seems uploading but does not show.

Post: I think I just did my first deal as an investor ???

Mario GamiloPosted
  • Homeowner
  • Bronx, NY
  • Posts 17
  • Votes 3

congrats Cierra, does that qualify as a bird dog deal?

Post: Private Money Lenders

Mario GamiloPosted
  • Homeowner
  • Bronx, NY
  • Posts 17
  • Votes 3

John,

i get those too and put them to waste.

maybe we could start to list any companies out there that are doing this and see if anyone deals with them. if they are legit, then someone may have an experience with them, that are not affiliate of course. Would that be legal to do that on this forum?

or maybe Josh can create a Section for that, (just an idea)

Post: Private Money Lenders

Mario GamiloPosted
  • Homeowner
  • Bronx, NY
  • Posts 17
  • Votes 3

thank you Ned. BTW Howd they do the @ (username) thing on the forums?

The offer does look like a Hard Money as it is also a synonym for Private Money (sometimes). He wanted to give me the per deal details as for their due diligence. then 4% interest for 1 year term. is that too good to be true or does it really exist? does 4-6% rally exist on a HML?

i wish i could paste a pdf for all to see so it would serve a sample for some of us. or can I?

Post: Private Money Lenders

Mario GamiloPosted
  • Homeowner
  • Bronx, NY
  • Posts 17
  • Votes 3

Hello again BP Professionals. 

thank you once more for the great responses on questions to info-hungry (new word) like me. 

I would like to know how do you verify somebody online that says they can finance your deal.  I got few emails back from the people at Goldmine Private Lenders saying that they are legit. i found out that some jump in and ask for upfront payment right away and i ignore them at once. Then some looks legit, they give some identification, company name and address that seems exist with upfront requirements but no fee. so maybe there are some that actually want to invest but HOW can we do a due diligence on them?

i did see a forum here at BP that GPL is real. i also agree that most try to exploit.

thank you again

Post: Savvy Investor Friendly in Bronx

Mario GamiloPosted
  • Homeowner
  • Bronx, NY
  • Posts 17
  • Votes 3

thank you for the post Matthew. im checking that now

Post: Savvy Investor Friendly in Bronx

Mario GamiloPosted
  • Homeowner
  • Bronx, NY
  • Posts 17
  • Votes 3

Hi,

i m starting out and i would like to get a criteria to look for in a Real Estate investor Friendly RE Agent

Can anyone recommend anyone in the Bronx?

thanks

Post: I quit my job today

Mario GamiloPosted
  • Homeowner
  • Bronx, NY
  • Posts 17
  • Votes 3

great inspiration Glenn. good Job. im a rich Dad Poor Dad fan myself