HELP *** PLEASE READ **

Never heard of him, but his email address ends in HK! That is a Hong Kong domain. Do you want to do biz with someone in Hong Kong? I don't.

Look deep before you leap!

Good luck!

Hi Peyton

I would stay away from those guys. Go to the forum topics and find the financing threads and check them out. There are a lot of people here that offer funding, you just need to start reading the post and you will find them. Or you can post the type of funding you need and they will find you.
Good Luck

Jim Kendrick

Anytime you see a ad that says Guaranteed Business Funding, please know that it is not guaranteed. If there is not a phone number for you to call, but only a email address, this is a dead giveaway that they are possibly fraudulent. Also know that business financing and real estate property financing are also two different types of funding.

Anytime you do business or are thinking about doing business with a funding resource, if they say our company does this and provides a phone number that is not answered in the business name and professionally answered, than they are not a company.

If they have a email that is under the domain name yahoo, aol, gmail, then you know that you are dealing with a individual who is very likely a broker and not a actual decision maker or direct funder.

Now before all those here get their anger up, I want to also state that there is nothing wrong with dealing with a broker who works from home, has a domain as identified above, just make sure that they tell you what their capacity actually is and always ask for a commission/fee agreement that states what they are actually doing, thus the service they are providing on your behalf, the fee charged and then once you have this in hand, weigh whether what they are asking as a fee is actually worth the money.

For example, if they obtain documents, submit those to bonafide lenders, and you have a right to ask who they use upfront, provide from that lender a commitment letter or a letter of approval that can be verified as well as a good faith estimate, a list of additional docs that they gather from you, that they package properly, stay in constant contact with you, the lender and everyone in the transaction, then the fee they are asking is justified.

If all they are going to do is put you together with a funder and they don't ask for documents, and you have to call the lender yourself and do the deal yourself, submit your own docs, than the fee is not justified.

Anyone can source out a provider of funds and put you on the phone with them. That is not a service that can be considered worth 1 point or more.

Now I do know of some lenders who actually will not allow a broker to do more than put them together with the borrower and that is because the lender is paying that broker the commission or referral fee from their own resources and that brokers fee is not identified on a HUD-1 as it should not be in the first place.

Never ever proceed with any transaction where any party within the transaction can not answer your questions to your satisfaction. Your paying these fees in most cases and you as a consumer in a real property transaction have a right to have anything and everything fully explained to you and to your satisfaction.

Great information Marty I'm glad you decided to join our site. We all can benefit from your knowledge. Thank You

Jim Kendrick

People get these daisy chain lists of HML's and finders, etc and they think they are helping people when they are actually helping to set them up for fraud or serious financial ruin.

If they haven't worked with them, then I would suggest you not bother. Go with someone that is reputable and that someone can vouch for. Even then, find out their history, ther last transaction, amounts, if there are any violations or complaints against them, etc.

Don't fall for it

Elix, very nice add. I know of a joint venture funding source who I have heard great things about but I would not refer anyone to them because I have not done a deal with them, but am looking at doing that, but I did check them out first and once I know that they can perform, then I will refer alot of business to them.