Are these lenders list verified by bigger pockets?

Question

Are these lenders verified by bigger pockets

Alex Bekeza · Answer

@Pierre Preston Bigger Pockets does a deep due diligence on these lenders before they are allowed to sign contracts to be featured.

What did you experience that seems like a scam?

I agree with @Wale Lawal There's nothing more valuable than a recommendation from verified source or colleague.  That being said, stick to the lenders on BP who have a long list of positive reviews from actual bigger pockets users.  Stay away from the ones who don't.

All the best,

Eric Goldman · Answer

no one should be charging up front fees!

Wale Lawal · Answer

Not sure what lenders you are referring to, but if you ask for recommendations. There are plenty of people that would help you in the right direction.

Pierre Preston · Answer

Thought that sounded crazy myself can’t seem to find one that is interested in helping a start up real estate investors no matter the amount

Mindy Jensen · Answer

Hey Pierre.

Please send me the name of the person wanting a $495 application fee.

Keane Ng · Answer

I get loans from a local bank who takes application deposit which are refunded if no loan is closed, less the cost of a credit report or possible appraisal.

they offered true no credit reported commercial loans that don’t count towards your Fnma list and have long before the new lenders. It is possible but make sure it’s all non refundable, that may not even be legal.

Daniel Smyth · Answer

@Pierre Preston

Not!  Choose another!

Pierre Preston · Answer

Wanting 495 for application fee no return only credited to another project if they think is a fit

Pierre Preston · Answer

I’ve filled out a few forms and some are seeming like a scam

Are these lenders list verified by bigger pockets?

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