Skip to content
Private Lending & Conventional Mortgage Advice

User Stats

64
Posts
20
Votes
Jason A.
  • Rental Property Investor
  • North Huntingdon, PA
20
Votes |
64
Posts

Found potential private lender...but.....

Jason A.
  • Rental Property Investor
  • North Huntingdon, PA
Posted Jun 13 2014, 14:11

I've been exchanging emails with a foreign financial manager and apparently he liked what I had to say because he has very wealthy clients who would like to lend me money to purchase multifamily real estate in the US. 500k is available immediately, with potential of up to (get this) 35 million! Sounds like a dream come true right?? The problem is that the investors would like to meet with me on their home turf in Northern Africa. First off, I don't even have a passport and have never left the states (nor do I want to). Second, I'm not even sure how to go about borrowing money from foreign soil. Are the rules of exchange different?? Also, I am skeptical that the whole thing is some kind of scam, although his credentials seem to check out. Curious what others would do in this situation??

Loading replies...