All Forum Posts by: Constancia R.

I did go ahead and try it. No real info yet but I can say that it is VERY easy to navigate. Tenants signed up right away.

Quote from @Chad McIver:

DO NOT use them, complete Scam

Thanks for letting us know. A guy posted on a local group and it seemed too good to be true (DSCR at 6%?). I couldn't find any info on them so I came here. How did you figure out it was a scam?

I can only afford to do one or two deals, which will take the cash I have. Then what if something else (better) comes along and I'm short cash? Just haven't found much that makes me say YES. The few that I have were scarfed up in a matter of hours.

Quote from @Jay Hinrichs:

where do you find lenders advertising on this site I poked around a little and could not figure out where you find the lenders advertisements.

 Look under the "Build Your Team" tab.

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

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

I am glad you said that! I've tried to inquire about lenders with ads here on BP and have gotten either silence from the users or negative reviews--I would hope that wouldn't be the case, had they been vetted.

Quote from @Dave Spector:

@Constancia R. If you are seeking an actual private lender or direct HML consider starting your search here: https://aaplonline.com

Thank you so much. Very useful answer! 

Quote from @Kristen L Garner:

You can search any lender on NMLS!  NMLS Consumer Access is a fully searchable website that allows the public to view information concerning state-licensed companies, branches, and individuals licensed and registered through NMLS. Wishing you luck with your transaction. -Kristen 

Thank you! That was precisely the sort of site I was hoping for.

I got a suggestion for a company called TruFinCo. There's nothing here on BP and no one who I actually know has used them. 

How does one go about making sure that a company is legit and not just a shell or scam?

Quote from @Pierre Eade:

Amy - did you end up using them?   If so how was your experience? 

I am considering them for a deal.

Hey, there. Did you (or anyone, for that matter) end up using them?

Quote from @Jason Martinez:

Not having a good experience with them at all. 

Uh-oh. Why? I'm considering them.