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Why Most Private Money Lenders Lose Money — And How To Avoid It | Subto Show

Subto on the Wholesale Hotline!

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26 min / Published

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.

 

☎️ Welcome to Wholesale Hotline & Subto Breakout✌️✌️! ☎️

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👽✌️ Learn from Pace and Cody 👽✌️

🔸Follow Pace on IG: https://www.instagram.com/pacemorby

🔹Join our free dope creative finance Facebook group: https://shor.by/8vxk

🔸Dive deeper within my mentorship: https://go.subto.com/pace-sunday-service

🔹Watch Sunday Service live on my YouTube every Sunday at 7 PM PST

🔸Tune in to Wholesale Hotline live on my YouTube every Monday 5pm PST

⚠️ #CreativeFinance #Investing #Wealth #RealEstateInvesting #Wholesaling #SubjectTo ⚠️

🚧🚧🚧 DISCLAIMER 🚧🚧🚧

I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a Podcast for entertainment purposes ONLY

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This episode is part of the Subto Breakout! series
ITs all about creative financing the deals!
Wholesale Hotline
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