All Forum Posts by: John Bunyan

Forgot to mention that I'm already part of an LLC company, but still am curious if anyone has any upfront advice for me. The optimist/semi-realist in me says I may have struck gold here. One where the lender is willing to get paid AFTER a closed deal with a legitimate cash buyer. The pessimist in me says I can't POSSIBLY have this good, despite the fact in my post on the other investor board. This is pretty much the type of help/assistance I was requesting. Also forgot to mention that I may have a deal in the works. (One where the bank is requiring at least $20,000+ less than tax value for the property we are currently examining and time is of the essence)

Hello fellow BiggerPockets family. I'm a newbie and I recently have found myself in a weird situation. I have a private lender that is interested in loaning me money to help secure real estate properties to flip to potential cash buyers in response to a post of another investor community where I was requesting assistance from "Private Lenders and/or Transactional Lenders". Here's the thing that scares me: the person claims to be from a REAL bank despite no real contact info being shown other than a gmail address and their first name and last name that they've been using to communicate with me. My questions are as follows: how do I verify their identity? Do I politely ask them for some kind of contact phone number with an extension # that I can reach them at? Maybe a bank address to verify that they are CURRENTLY employed with them? Do I just randomly call a branch of the bank and just ask to speak with a private lender there? Do banks EVEN HAVE private lenders? (Banks have different branches and with each branch, different loan officers/lenders sooooo) Any advice anyone? Anyone? By the way, it's great to meet you all and I hope you all have a Great Week!

@Lovely T. thanks again! quick question... do you think we can "connect"? I've always wanted a Hawaiian friend before!  B-)

@Lovely T. It's great to meet you too and thanks for the advice!  By the way, is there a way to DELETE a forums post that may or may not have been posted in the wrong/incorrect category?  (just curious)

Now that I think about it...  I should have posted this in the "lenders" section of the forum.

Hello fellow BiggerPockets family.   I'm a newbie and I recently have found myself in a weird situation.  I have a private lender that is interested in loaning me money to help secure real estate properties to flip to potential cash buyers in response to a post of another investor community where I was requesting assistance from "Private Lenders and/or Transactional Lenders".  Here's the thing that scares me: the person claims to be from a REAL bank despite no real contact info being shown other than a gmail address and their first name and last name that they've been using to communicate with me.  My questions are as follows: how do I verify their identity? Do I politely ask them for some kind of contact phone number with an extension # that I can reach them at?  Maybe a bank address to verify that they are CURRENTLY employed with them?  Do I just randomly call a branch of the bank and just ask to speak with a private lender there?  Do banks EVEN HAVE private lenders?  (Banks have different branches and with each branch, different loan officers/lenders sooooo)  Any advice anyone? Anyone?  By the way, it's great to meet you all and I hope you all have a Great Week!