@Matthew Reichert No, it's a scam and run away as fast as you can.
True private lenders are people you meet in person. REIA meet up groups are a great source, IMO
That's what I thought. Thanks @Tom S. I will contact the site staff about this individual.
I've been a private lender for several years and have never heard of it. I agree with @Tom S.
Thanks @Michelle Y.; I sent you a connection request in the event you may want to lend to me in the future (or now!).
scam scam SCAM there is no private insurance for non Freddie fanny loans..
That user's account has been closed. 😊
Originally posted by @Matthew Reichert :
Hi, I was contacted by a private lender here after looking for funds and I engaged him about borrowing $40,000. He claims I need to pay some sort of "loan insurance" fee before transfer of funds to me. Is this normal? Or no?