All Forum Posts by: Thomas S.

@Tom Gimer - Thank you for all of your help. You've injected some confidence into me and given me a little more hope. I appreciate it.

Wow, this is a GREAT community, thank you for all of the amazing input.

@Account Closed - You're absolutely right on lesson learnt. I still have fight in me however. These guys are giving me fraudulent numbers and lying about payouts on their Excel doc. They are also refusing to respond when inquiring about these numbers. I am in Massachusetts if that helps at all. I've talked to a few good lawyers but am not 100% with any yet. Working on starting a family and buying a house myself so I've been trying to remain strategic in timing. 

I appreciate everyone's help so far. Thank you kindly.

Also, if I missed any 

Good morning all,

I have been doing gap lending for a few years to a fairly local LLC. They did a few successful flips and paid me according to the contract we drafted, which was good.

I have two houses I lent for (promissory note, unsecured) that are in breach of contract and have sold but I have not been paid. The group is ignoring my requests for more granular information on the flips, and the stuff they sent me originally is flat out wrong (even the amount I lent). They also have refused to meet me in person.

I write today to gather as much advice as possible. Looking back, I wouldn't lend without securing the loan, but I was 18 at the time I started this. The total is about $50,000.

I appreciate any help you can lend. Thank you.