A follow up question.How can verify that a private lender is "legitimate" ?

If I can present these potential investors with a legitimate wholesaling opportunity, having transparently quantified my due diligence on the property, I believe that this could be my way to break into the REI world.After reading many forums on setting up the business side of REI, I think having a Parent/Subsidiary structure will be most beneficial, as not only will I have personal asset protection, but also because LLC's are cheap and easy to set up in Michigan. 

It sure is interesting, don't know if we will find out any other details.I guess we are just happy our offer was legitimate and accepted.Roller Coaster Ride was no extra charge.But honestly, it makes things difficult if you are doing what you can to obtain housing and your offers aren't properly considered, we had no idea what was going to happen the second time around. 

Must be legitimate, insured, etc.

Must be legitimate, insured, etc.

Shouldn't a legitimate seller, tell you at what price he wants to sell a property?

A competent accountant or tax attorney can file legitimate write-offs, deductions, exchanges and other mechanisms provided by law.

Borrowers searching for hard money loans often encounter predators or upfront fee loan scams rather than legitimate hard money lenders.

I definitely don't want to insult them but it's a legitimate estimate.

The ITB should have any bonding requirements listed as it would be a legitimate change order to require a contractor to purchase this after the bid.