How To Know If A Private Lender Is A Scam (Mindset)

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Today, we take a look at private money lenders. In previous episodes, we've discussed using conventional loans and other forms of creative financing to fund your deals, but private lenders - wealthy individuals who used asset-based lending to invest in real estate - can be some of the best sources of capital to secure your next deal. But how can you tell if the person on the other end of the phone is a legit professional who actually has access to the funds he's saying he can lend you? Well, you're in luck! Over 15 years, Donny has gained the knowledge to be able to sniff out the real players from the scammers trying to take your origination fee and run, so listen as he breaks down ways you can protect yourself and your investment from unscrupulous characters.

Here's a link to the article Donny mentioned in today's episode:
42% Of People Who Bought Homes During The Pandemic Engaged In A Bidding War

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