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12-09-2008, 07:36 AM #1
Fixer Upper
- Join Date
- Dec 2008
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- chicago
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- 79
Private lending- mistakes made when borrowing
What's the biggest mistake you've made when borrowing from a private lender? How did you fix it?
Hassan Omar
Speaker, lender, investor, coach & Author of
The Wholesaling With Options Course
Learn more at www.tbdinvesting.com
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12-11-2008, 06:02 PM #2
Fixer Upper
- Join Date
- Dec 2008
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- Lee County Florida
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- 24
You have to be careful with private money. You can't say things like "guaranteed" or "security". Check out SEC compliances related to private money. Thats all I would be worried about. Alan cowgill has an excellent private money course called "private lending made easy." It is filled with more information than you could possibly have questions for. Check it out and you can see his mistakes and what he did. After all i think he is the number 1 expert on raising private money.
Last edited by gelokron; 12-11-2008 at 06:11 PM.
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