Due Diligence
HOW does one go about becoming a hard money lender?
Does one work through or with a mortgage broker?
How do I know that fellow asking for money for that great deal is not a con, scam artist, fly-by night, or other type of thief?
How much investigation of the property and comps does a hard money lender do?
Or is his investigation based mostly on the person? How much background check, if any, do we do?
Most of us can do some local primary checks, but that's no guarantee of anything, since we aren't private eyes or mortgage lenders.
Ofgift