Wow.

Even in our fast times of digital media and words at the speed of thought, a good old newspaper headline can still get your attention. More on that in a minute. First a frame of reference…

Since I teach real estate investors and entrepreneurs how to raise capital from private individuals for their businesses, I often compare and contrast private money with using other (inferior) sources of financing. To the naked eye, it might appear as though I have something against banks, mortgage companies and other institutional lenders.

I do.

These guys are a big part of the reason why the national economy is hurting right now. But, mostly, if you rely on the philanthropy of these institutions for your business life blood you will probably find yourself in short supply. So, I feel it extremely necessary to “sound the alarm” – that even your local banker is not your friend.

Why? Read More→