OfflineAnyone ever use National Angel Investor Lending Forum (NAILF). I recently posted a request on www.gobignetwork.com/funding seeking for private money to do my deals. I got a call a few days later from NAILF, and they said I would need to pay $250 to set up a phone interview with some of the company's investors, who would review my business proposition, and then decide whether to provide me funding or not. I'm wondering if anybody's ever used such "angel investors" in the past, and if so, any success stories. I've looked on the web, and there's not much. Some people with complaints that they'll only fund 25% of the money for the deal, but they will need to get the other 75% from other investors before they jump onboard. I'm finding that funding is one of the big obstacles I'm having.
Sounds fishy to me. I wouldn't pay anything for an interview TO SEE if they will give me a loan. My advice is to move on.
There are links to HML's on this sight somewhere.
Se if this link works.http://www.deangraziosi.com/real-estate-forums/buying-foreclosures-reos-and-more/13509/hard-money-lenders
Up front money for just a phone interview? I wouldn't do it. Besides, I have seen some Angel Network websites, and they don't like to fund Real Estate. You may need to check on those. Don't do it, but at the end of the day, it is always your call.