Credibility of a hard money lender money lender

Athens, Georgia
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Credibility of a hard money lender money lender

TeAira Epps
Member since 2025 · 2 posts · 2 votes

Hello. I am in the process of assembling a team. Looming to het into my first property through flipping and brrrr strategies. I was introduced to a hard money lender. This is my first time working with one and I wanted to know what's the best way to verify the legitimacy of the lender?

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Keyona Taylor
Real Estate Broker · Member since 2019 · 77 posts · 19 votes
1y

Look at the process. Watch for red flags, like asking for large upfront fees before underwriting or a lack of transparency.

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    1y

    first off NO MONEY UP FRONT.

    try these guys to get a feel for HML

    Lima One

    Kiavi

    lending one

    Conventus

    see what their rates are anything that is way lower than these guys is generally going to be a bait and switch or fake lender that will never close

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    • James McGovern
      Flipper/Rehabber · Bloomfield CT · Member since 2020 · 1k+ posts · 409 votes
      1y

      @Jay Hinrichs Conventus is horrible 

      0Reply
    • Jay HinrichsBusiness Member
      Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
      1y
      Quote from @James McGovern:

      @Jay Hinrichs Conventus is horrible 


      I dont know about that I have used them a few times.. And I  know the owner personally. The main reason I mention them is they are real and they fund.. whether you like them or not based on experience is subjective. A lot of folks like Kiavi a lot of them dont like Kiavi etc etc.
      Some folks like me as a lender others dont like me as a lender its just part of the bizz.
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  • Richard Loniewski
    Real Estate Agent · NJ · Member since 2021 · 574 posts · 127 votes
    1y

    They should have a website and social media presence. Ask for references and never give them any money upfront except for appraisal. There are a lot of scammers out there so be careful

    0Reply
  • Keyona Taylor
    Real Estate Broker · Member since 2019 · 77 posts · 19 votes
    1y

    Look at the process. Watch for red flags, like asking for large upfront fees before underwriting or a lack of transparency.

    2Reply
  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    1y
    Quote from @TeAira Epps:

    Hello. I am in the process of assembling a team. Looming to het into my first property through flipping and brrrr strategies. I was introduced to a hard money lender. This is my first time working with one and I wanted to know what's the best way to verify the legitimacy of the lender?


     if its too good to be true then it is - low interest rate, no money down/100% financing. Those two are red flags. 

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  • Erik EstradaBusiness Member
    Lender · Los Angeles, CA · Member since 2022 · 7k+ posts · 1k+ votes
    1y
    Quote from @TeAira Epps:

    Hello. I am in the process of assembling a team. Looming to het into my first property through flipping and brrrr strategies. I was introduced to a hard money lender. This is my first time working with one and I wanted to know what's the best way to verify the legitimacy of the lender?


     Check their reviews, licensing, and presence online 

    [email protected]818-269-7983
    LuxePrivate Investments LLC 571 Reviews
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  • Drago Stanimirovic
    Real Estate Coach · Miami, FL · Member since 2024 · 1k+ posts · 485 votes
    1y

    Hi TeAira – great question, and congrats on starting your journey!

    Verifying a hard money lender is smart. A few quick ways to check credibility:

    Ask for recent funded deals (they should have examples)

    Review terms carefully – transparent lenders explain rates, fees, and timelines up front

    Watch out for red flags like upfront fees before approval or no verifiable website/contact info

    When working with a hard money lender, transparency is everything. You should fully understand the rates, fees, timelines, and what’s expected from you, before signing anything. A legit lender will always take time to educate you and answer your questions clearly.

    Happy to support you on your REI journey!

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    • James McGovern
      Flipper/Rehabber · Bloomfield CT · Member since 2020 · 1k+ posts · 409 votes
      1y

      Recommend avoiding Conventus

      0Reply
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