17d (edited) โ€ข General Discussion
๐ŸšจBeware of โ€œToo Good to Be Trueโ€ Private Money Lender Scams๐Ÿšจ
Iโ€™ve been in this industry for a while now, and I want to make everyone aware of a common scam that targets investors looking for funding...
Hereโ€™s the setup:
  • A scammer poses as a private money lender, offering unrealistic terms (super low interest, no credit checks, huge loan amounts).
  • It all sounds amazing UNTIL they ask you to send money upfront for โ€œinsurance,โ€ โ€œprocessing,โ€ "origination," or another bogus fee...
  • Once you send it, they vanish...
โœ… Friendly Reminders:
  • NEVER pay money upfront for a loan. Real lenders are paid at closing, not before.
  • Always use a title or escrow company for funds! never wire money directly to an individual.
  • If someone pressures you to skip proper channels, thatโ€™s a red flag.
  • Remember: if the deal seems too good to be true, it probably is...
Stay safe out there...protect yourself and your business!
Sincerely,
Adam
5
7 comments
Adam Lee
2
๐ŸšจBeware of โ€œToo Good to Be Trueโ€ Private Money Lender Scams๐Ÿšจ
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