Private Lending - how to make sure that they are legit

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Private Lending - how to make sure that they are legit

Jared Welch
Flipper/Rehabber · Johns Creek, GA · Member since 2019 · 7 posts · 1 vote

I was approached via email from a private lending partner. I’m curious how to verify they are a legitimate lender. Any feedback?

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  • Jared Welch
    OP
    Flipper/Rehabber · Johns Creek, GA · Member since 2019 · 7 posts · 1 vote
    7y

    @Jared Welch

    Has anyone ever worked with Thomas Wenck Private Loans. The direct email makes my spidey senses go up.

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    7y
    private lenders dont e mail you.. 99% sure its a scam  advanced fee due diligence scheme 
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  • Nitzan Messer
    Kansas City MO · Member since 2021 · 10 posts · 3 votes
    4y

    https://www.biggerpockets.com/...

    I hope I copied the link correctly, but if not, this is from another post here in BP:


    1) A "lender" named Thomas Edward, or Thomas Edward Wenck, who offers low interest loans. He is a complete sham, and is looking to get your bank account information.

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