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Private Lending & Conventional Mortgage Advice

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Janelle Vigario
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Vetting a potential lender

Janelle Vigario
Posted Sep 2 2019, 10:51

I have a potential first brrrr home and i posted a question about it early on on the bigger pockets Facebook page. Well, I want to start getting prepared to look for a hard money lender if possible, and on my Facebook post I had someone reach out to me and say they do specific brrrr loans- where it's funded into an LLC, and it's a "fix to loan" product. Sounds great! But I am not sure how to go about making sure this person is legitimate! I don't see their name (as written in Facebook/their website) on here, and I couldn't find any reviews. But I'm not sure if someone that isn't a typical mortgage broker would have as much of an online presence? Would they have easily verifiable credentials? Sorry if this is a completely niave question, but after poking around online I thought I'd ask the experts!

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