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Best Seat at the Table Title Here.

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Presentation on theme: "Best Seat at the Table Title Here."— Presentation transcript:

1 Best Seat at the Table Title Here

2 Top Five Mistakes Private Lenders Make Protect Your ASSets

3 Follow in my Footsteps Watch out for the Piles

4 Carolina Hard Money Everyone can be a Lender! Big Money NOT Required
Lend to who you know, like and trust Profit is in the Points How we got started

5 Number 5 Never Lend to Family, Never Borrow From Family

6 Borrower Due Diligence
Number 4 Borrower Due Diligence Cash on Hand Character Judgements or Liens Experience

7 Property Due Diligence
Number 3 Property Due Diligence How Long will it Take to Sell IT? Price Range in Market Location, Location, Location 3rd house in/Busy St Evaluation

8 No Control of Rehab Funds
Number 2 No Control of Rehab Funds Keep all funds for Rehab Inspection the Work Lien Waiver Review, Approve & Reference Scope of Work

9 Number 1 Act Like Mom & Pop Be the Bank, Act like One
Reminder Letters, Late Notices, Late Fees Stick with the Plan, Work with the Plan Keep Good Records

10 Bonus Miss-use of IRA Arms length Transactions, Side to Side not Up/Down Don’t Touch the Money! If in Doubt, don't do it! Keep Good Records

11 Wednesdays with Wendy wendy@carolinahardmoney. com 704-400-9481 www
Wednesdays with Wendy


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