How can I vet private lenders?

[Niv Nissim]

Hi, I’m getting to my email or seeing on Facebook groups some private lenders that are marketing themselves.

It’s my first time to use private lender and wondering how can I vet them?

How can I know that it is not a scam?

They have a website that seems good but it isn’t enough for me..

For example- “all state funding inc” (NJ).

TIA! 🙏

[Robin Simon]

Quote from @Niv Nissim:

Hi, I’m getting to my email or seeing on Facebook groups some private lenders that are marketing themselves.

It’s my first time to use private lender and wondering how can I vet them?

How can I know that it is not a scam?

They have a website that seems good but it isn’t enough for me..

For example- “all state funding inc” (NJ).

TIA! 🙏

 Vet Lenders via websites, google reviews etc.  I strongly disagree that "private lenders are rarely on fb" - the world has changed and a lot of forward-thinking lenders are directly marketing and interacting with potential borrowers on social media platforms, this is not a red flag

I would also strongly recommend the Mortgage Lenders page here at BiggerPockets - BP does a great job vetting lenders and listing quality shops right here on the website

https://www.biggerpockets.com/...