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I'm putting together a deal where we will have 75-80% conventional funding and 20-25% private money - so no money down. For context, this deal is in Texas. I have the private money lined up and committed. However, I'm...
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Hello All,I am just trying to gather some information from other investors out here. I am wondering how many of you currently, or plan to, invest in a Private Equity Fund. It looks like they are becoming a better opti...
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Do any escrow officers, title professionals or private lenders happen to know if a private lender can obtain an ALTA title policy (lender's policy)? I'm in the process of doing my first loan (as a private lender) an...
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How do you know that the private lender is legit?
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I got a suggestion for a company called TruFinCo. There's nothing here on BP and no one who I actually know has used them. How does one go about making sure that a company is legit and not just a shell or scam?
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Don't let your excitement and determination to get a deal funded blind you to the notorious red flags of so called Private Money Lenders. Believe me I know, I've dealt with enough PMLs to see the red flags before they...
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Hi, All,
Just a quick post, in hopes that even one person might be warned away from what I experienced.
I just went thru a lot of lost cash and pain dealing with a fraudulent Credit Repair Agency (per FTC).
The re...
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Has anyone had experience with www.steadyprivateloan.com? Their website looks legit, they had me give them some basic information, send them pictures and comps, and they agreed to do the loan of the purchase price plu...
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Has anyone here worked with a private lender in Atlanta, GA called Atlanta Lending LLC? I was referred to by them by a member of a Facebook group. They are offering 3.5% on a 30 year loan for a duplex with 5% down. Th...