Has anyone ever heard of a private investor Reginald Karney he has offered me 200k 5% 6 yrs but he wants a processing fee of $870? Does this sound legit or should I walk?
@Reginald Lewis Walk. Never pay any upfront fees...always a red flag.
put on your logic thinking cap... how do U think a private lender you meet most likely on the internet is going to lend you money for lower rate than a bank??? does that sound logical. ???
send him the 870 and kiss it good buy most likely will string U along seeking more money more money then never fund ..
Internet is Rampant with it.. its simply the Negerian prince scam being played in the RE lending realm that's all it is.. if you got the guy on the phone probably has an accent and is sitting off shore some where.