Comprehensive Guide to Hard Money Loan Investing Part 5: Post-mortem: Money flushed down the drain (a loan that took years to resolve and lost 60%)

Post-mortem of a hard money loan that lost more than 60% and took years longer to resolve than originally projected...and during an economic boom.

(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.).

This is part 5 of a 5 part articles series:

• 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 19 hard money loan funds

• Part 5 - Postmortem: Money flushed down the drain (a loan that took years to resolve and lost 60%)
  

In this article, we'll do a post-mortem of a problematic hard money loan that concluded on one of the platforms. After taking years longer than projected to conclude, it lost a stomach churning 60%+ of investor money. And this was during an economic boom. So 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 of this article. Click here for the full article/details. (Private Investor Club content) Note: the full article is for members of The Real Estate Crowdfunding Review Private Investor Club. Membership is free but is restricted to investors only. Platforms, sponsors and their affiliates are prohibited. If you qualify, click here to join.

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