Dive into the world of private money lending (PML) with Pamela and Tracy from Chics Investing! In this episode, they share:
✅ A challenging borrower story and lessons learned.
✅ The **critical role of attorneys** in reviewing and drafting investment documents.
✅ How to navigate the **underwriting process** for private loans.
✅ The importance of securing your investment with the right documents: mortgage, promissory note, JV agreement, and personal guarantee.
✅ Why vetting both borrowers **and** lenders is essential to successful investments.
✅ Tips on building trust and creating community investment opportunities through funds or syndications.
Whether you're new to private money lending or looking to refine your strategies, Pamela and Tracy offer invaluable advice for safeguarding your investments and growing wealth.
**Watch now and empower your investing journey!**
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DISCLAIMER - ALL INFORMATION & DETAILS SHARED ARE MEANT TO BE FOR ENTERTAINMENT PURPOSES ONLY. THIS IS NOT LEGAL, FINANCIAL, INSURANCE, OR INVESTMENT ADVICE. THIS IS NOT A SOLICITATION FOR ANY INVESTMENTS AND SHOULD NOT BE CONSTRUED AS SUCH IN ANY FORM.
**#privatemoneylending #realestateinvesting #ChicsInvesting #passiveincome #buildwealth
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By: Edgar Vargas
Title: Private Money Lending 101 🏦 | ChicsInvesting on Vetting, Legal Docs, & Building Wealth!
Sourced From: www.youtube.com/watch?v=PAiSDjB4Bvc
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