All Forum Posts by: Ron Perry

Thank you Jay,

Your right, the two I have found were both at 5 percent. I decided to go to local real estate investment clubs. Found a few legit hard money lenders with 1 percent down and 1 percent per barrowed amount per month which will work for rehab jobs. 

I'm in search of a longer term lender for 3 to 5 years now, maybe interested in interest only loans.

Thank you for your knowledge and time.

Thank you for your assistance John.

I’ve heard horror stories of borrowing money from hard money lenders. Much of what I have heard of horror stories comes down to being scammed into paying fee’s before you receive the money.

What should a hard money lender be looking for, and asking you for, information, such as I.D., Home address, bank account information, social security number. When if at all should these be answered before you have to worry about identity theft, or just losing out on your “fee”.