Feltes Frankraymond Legit or no?

Feltes Frankraymond Legit or no?

Real Estate Investor · Buckeye, AZ · Member since 2016 · 12 posts · 3 votes

I am currently trying to find out information on a "private lender" names Feltes Frankraymond or Raymond Feltes. I can't seem to find anyone who has ever heard of him let along a reference of someone who has done business with him. So I am asking if any one has ever heard of him or done business with him. I have been reading so much on lender scammers that I am paranoid to talk to anybody that says they are a private lender as I was almost dooped by one. So before I continue any correspondence any further with him, i need any and all information that i can get. The only thing I have as of now regarding contact information is the email address. I found this lender in the Real Estate Investor groups on FB. I also see that he is on Twitter as well. He says that he does all kind of loans, personal or otherwise. He gave me a breakdown of payments for the amount and time frame that I stated that I need. I am now awaiting to see if he will give me a phone number to contact him, the name of the company, network, or firm that he is with and names along with phone numbers or email address of people that he has done business with in the past. And believe it or not, we are actually friends on facebook. I have been reading what other investors has said about how to qualify a lender.  The scariest thing about the whole ordeal is ththe fact that i am new to all of this.

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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
7y
Originally posted by @Josh Chan:

Hi Tom, You mean origination fee can be deducted from the loan approval? But not sure Feltes Lending LLC is real or scam?

Told me cannot be include for the fee.

Please take no offense but you folks who believe this are obviously not experienced in the least these are all frauds .. not even worth discussing other than to say if you send them one dime you will never see it again and they NEVER make loans

watch the Remington financial espisode on American Greed to understand advance fee schemes.. or google Ingrid Robinson advance fee schemes.. if you guys and gals don't believe those on BP trying to help U not get ripped off

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  • Miami, FL · Member since 2017 · 4 posts · 1 vote
    7y

    Frank is a scammer,he asked for 1500 usd then comes back and asked for 15000. A scammer run from him

  • Member since 2019 · 14 posts · 4 votes
    7y

    Hi Stephen, you mean he ask so much for what?

  • Member since 2019 · 14 posts · 4 votes
    7y

    Hi Stephen Touma,

    I don't understand actually if he is genunie lender normally should not taking fee after one and another.

    Did  you pay after 1500. I means sent him some more money.

    Funny when we sent him the money to the bank he ask was return back. The bank said the account is not vaild.

    Thanks



  • Member since 2019 · 14 posts · 4 votes
    7y

    https://www.alignable.com/hous... 

    Are we talking about same person? FRANK FELTES?

  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    7y
    Originally posted by @Josh Chan:

    https://www.alignable.com/hous... 

    Are we talking about same person? FRANK FELTES?

    this is not a lender this is some sort of meet up.. No real lender does this or advertises there and any private lender ceases to be a private lender the second they advertise they are simply a HML .. not sure why folks chase these rainbows like this..

  • Member since 2019 · 14 posts · 4 votes
    7y

    I think only way is to report him to police for commerical crime cheating people claim to get loan. Using name as lender this also spoil reputation of real lender in the market. One think he smart he very patient guy. That why my friend believe him plus website www.xing.com private lender site. I don't know why he is inside with other lender. This give impression make people feel he is real! Plus he owe company website here www.feltecslending.com

  • Member since 2019 · 14 posts · 4 votes
    7y
    https://www.linkedin.com › frank-fe...

    Web results

    Frank Feltes - Private Lender - Feltes Lending LLC | LinkedIn

    Houston, Texas Area · Feltes Lending LLC8 Aug 2019 · I'm a private lender looking for a more economic way of addressing small and medium scale loans to people. ... Frank Feltes’ Articles & Activity. ... 4 Way Private Money Lending Works for Small Businesses: Small Business Loans Pose a Credit Risk for...

  • Member since 2019 · 14 posts · 4 votes
    7y

    He even have LinkedIn 

  • Real Estate Investor · Burlington, VT · Member since 2010 · 2k+ posts · 1k+ votes
    7y

    @Josh Chan  @Jinky Leal  Doesn't matter if the person has a Linkedin profile.  No legitimate lender is going to ask you to wire funds via Western Union or Bitcoin.  Anything sent in advance like that will be lost for sure. 

    Your best bet is to always network locally, met people in person.  Or just go to a bank.

    Good luck!

  • Rental Property Investor · San Diego, CA · Member since 2013 · 3k+ posts · 4k+ votes
    7y
    Originally posted by @LaTonya Norseweather:

    I am currently trying to find out information on a "private lender" names Feltes Frankraymond or Raymond Feltes. I can't seem to find anyone who has ever heard of him let along a reference of someone who has done business with him. So I am asking if any one has ever heard of him or done business with him. I have been reading so much on lender scammers that I am paranoid to talk to anybody that says they are a private lender as I was almost dooped by one. So before I continue any correspondence any further with him, i need any and all information that i can get. The only thing I have as of now regarding contact information is the email address. I found this lender in the Real Estate Investor groups on FB. I also see that he is on Twitter as well. He says that he does all kind of loans, personal or otherwise. He gave me a breakdown of payments for the amount and time frame that I stated that I need. I am now awaiting to see if he will give me a phone number to contact him, the name of the company, network, or firm that he is with and names along with phone numbers or email address of people that he has done business with in the past. And believe it or not, we are actually friends on facebook. I have been reading what other investors has said about how to qualify a lender.  The scariest thing about the whole ordeal is ththe fact that i am new to all of this.

     Easy test:  Does he require $ up front?  If so, scam.

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