Comprehensive Guide to Hard Money Loan Investing Part 5: Post-mortem: How to Avoid Flushing Tons of
Post-mortem of a hard money loan that lost more than 60% and took years longer to resolve than originally projected.
(Usual disclaimer: I'm just an investor expressing my personal opinion and not a financial advisor, attorney or accountant. Consult your own financial professionals before making any financial decisions. Code of Ethics: We do not accept any money from any sponsor or platform for anything, including postings, reviews, referring investors, affiliate leads or advertising. Nor do we negotiate special terms for ourselves in the club above what we negotiate for the benefit of members.). In this section, we'll do a post-mortem of a problematic hard money loan that recently concluded on one of the platforms. After taking years longer than projected to conclude, it lost a stomach churning 60%+ of investor money. We'll dissect what went wrong, and hopefully learn some lessons on how to avoid similar experiences in the future. The above is just a summary. Click here for the full article. (Private Investor Club content)
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For those interested, here are the other sections of this guide:
Part 1 - What is hard money loan investing? Part 2 - How to protect from loss Part 3 - The Due Diligence Check List Part 4 - Top 15 hard money loan funds Part 5 - Postmortem: How to Avoid Slowly Flushing Your $ Down the Drain
