Archive for Predatory Private Lenders
Predatory “Private Lenders?”
Posted by: | CommentsSometimes stuff just comes out of left field.
You don’t see it coming – but it blindsides you nonetheless.
When you’re first raising private money to fund your real estate deals, it’s pretty tempting to grab at anything when someone says they’re interested in placing funds with you.
After all, you’ve spent some time, paid some dues and…finally…someone says “yes” I’m ready to invest.
But, then some interesting facts come out of the woodwork…
This “investor” needs to close really fast. They can only invest money for a short period of time (like 6 months). And, they want 20% on their money – flat rate (not annualized).
You’re stuck between a rock and a hard place: should you work with this person or not?
Before I answer that question, let’s look at what your ideal target investor should be like: Read More→