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Updated over 7 years ago on . Most recent reply

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45
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Alamen Ems
  • Dublin, OH
10
Votes |
45
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Loan from hard or private money lenders

Alamen Ems
  • Dublin, OH
Posted

How you know if the private money lenders or the hard money lenders are real and how You can be sure .

Been searching for awhile some people when I ask for website they never respond back.

Most Popular Reply

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53
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Kevin Griffin
  • Vero Beach, FL
32
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53
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Kevin Griffin
  • Vero Beach, FL
Replied

An excellent first question.  Any legitimate hard money lender will have a website, and usually a Facebook page; but definitely a website. And they should be registered with their state too.  You can check with the Better Business Bureau to see how many complaints have been lodged against them, if they were resolved, how quickly, and their attitude about having to do so.  Since private money lenders are not required to be registered, probably don't have a website, and wouldn't be listed with the Better Business Bureau, they are a different story.  You could check on Linked In, they might have a Facebook page, or own a business you could check out on certain forums.  For the most part, with a private lender, you're checking various areas of their lives to try and ascertain their character, and trustworthiness.

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