Episode Details

On today's Wholesale Hotline (Subto Edition), Pace breaks down the keys to lending money.

Show notes — in this episode we'll cover:

• Protecting your money as your "life force" is crucial because lending is inherently risky; even with precautions, you should assume the money could be lost.
• Structuring loans for maximum protection involves using liens, promissory notes, personal guarantees from all involved parties, and collateral.
• Never trust anyone, regardless of reputation or relationship, as emotional attachments or social connections don’t safeguard your investment.
• Key lending rules include always using a transaction coordinator (TC), documenting every step, and thoroughly vetting deals.

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