Updated over 10 years ago on . Most recent reply
Private lenders on Myhousedeal.com
Has anyone on BiggerPockets dealt with the private lenders on MyHouseDeal.com? Wanted to get some feedback before I reach out to some of the private lenders on their site.
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Jon Holdman
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Jon Holdman#3 Real Estate Deal Analysis & Advice Contributor
#3 Real Estate Deal Analysis & Advice Contributor
- Rental Property Investor
- Mercer Island, WA
A 4% interest rates is incredibly low for this sort of loan.
An upfront fee is a warning sign you're being scammed. There's a good chance the only money that will ever change hands is that fee.
Your inability to actually speak with this person is also a warning sign.