And - as MSHB provided me what appears to be the whole onboarding package yesterday (except for the credit report - if any - but I don’t want it anyway,) the page titled “Rental Verification” (and is apparently for prior landlord to fill out during the verification process) is absolutely devoid of any information.Therefore, I just don’t know how else to answer your question about whether they did a background check on this tenant, other than to say: Not likely - based on the “evidence” I have been given so far.All I can say is that, just as you stated, some of the blanks in the app, and especially in combination, and especially in combination what what I can only imagine must have been on the credit report (I am speculating, but basing on personal experience,) should have raised a number of red flags.I may or may not bring up these concerns to MSHB (probably will.)

In the year 2000, after 20 + years as a real estate investor, operator, broker, land speculator and small developer, I decided to get into private lending.

I don't want to speculate further from the contents of the post but there are other concerning flags in the post and I don't think it is a stretch to have some additional concerns about the setup and structure of this transaction.

People are trading a local commute for upwards of a 1-2 hour commute each way, $350 per month rent savings and a bigger house with the goal of saving for a house.We have seen the values for South Santa Clara County through Hollister spike to where it doesn't make sense unless you are speculating on appreciation.

Without knowing the contract that you signed, I can’t speculate on your chances of getting your $1,000 back, so you may have to decide which you want the most….the home or the dogs.

It requires a special trip to Lowe's, Home Depot, or Walmart and I'm speculating most tenant's don't care to even go down that aisle in Walmart while they are there.

No reason to speculate what you will or will not be charged for.  

If you buy without cash flow for anticipated gain in prices that is speculation.

The way the site works is you pay (from $19.99 to $39.99) to get the borrower's name, contact info and property address.On one of the loan requests, I could speculate where the property was located from the square footage and city/state.

Even though its all speculation at this point the places we are looking has a large body of water that takes about 45 minutes to drive around and enter the city they are currently building a bridge that will make that 5 to 10 minutes so i would assume this will make it a more desirable Location.