Confessions of a Private Lender. A Chronology.
When I get inquiries about private lending I often refer people to this blog to get an overview of the types of deals I have done and my decision making process. I searched the BP site and found that my earliest blogs do not come up when I type in the title of the blog and even when I type in some of the titles of the specific entries. (Perhaps there has been a change in the way BP archives blogs over time.) This blog entry is a listing of my previous entries in chronological order, the earlier ones at the top. It is posted, primarily, to help me refer people to topics I have addressed previously. I did not record when I wrote the entries but the earliest were posted in 2013.
The first six entries were conceived as a chapter for a book a colleague was considering which was never published. There have been considerable changes in the laws and general practices since I posted the early blogs and since I first funded a deal in 2010. I am not an expert. Lending is not my primary business and it is not imperative that I continue doing it. I have offered these entries as a chronicle of some of my transactions in the hope they may raise points that an aspiring borrower or lender may wish to consider. I always encourage the reader to discuss those points with their attorneys and accountants as I am neither of those.
Confessions of a Private Lender.
Evaluating a Potential Loan: The Borrower
Evaluating a Potential Loan: The Deal
Evaluating a Potential Loan: My Plans
I Want To Say Yes But It Is Much Easier To Say No.
Not All Deals Go According To Plans
Want to Turn a Lender into a Partner? Exceed Their Expectations.
A great result which will be rare due to Dodd-Frankenstein.
Jump in. You Can’t Imagine Where it May Lead.
Do Something You Have Never Done Before!
Time, Money, Knowledge. What Do You Bring?
“I Have a Question For You…Call Me Back.”
Who Are You And What Do You Want?
Lack of Funds is Just an Excuse
What Rates And Terms Should You Expect From Your Private Lender?
Multiple Exit Strategies May Multiply Your Profits.
It’s Just a Meeting. Why Bother?
If You Are Looking For Everything You May Find Nothing
I Burned My House To The Ground.
Did Your Last Contact Make Your Next Deal More or Less Likely?
A Lose Lose Deal May Be Fairer Than a Win Win Deal.
Hard Money, Terminology and Explanations. Part 1.
Hard Money Lenders, Private Lenders, Terminology. Part 2.
My Liquid Fund. How I Learned to Embrace Late Fees and Become a Better
TRID May Make Our Cash Offers Even More Attractive.
What's That Smell? Not Cat Piss ─ It's Opportunity.
What's That Smell? The Plot Thickens.
How To Sell A House Without Closing Costs.
Be Prepared For An Unexpected Answer
Looking For Funding? Sometimes You Don’t Even Have To Ask.
Cash for Keys. It’s Just Business.
An Introduction To Pre-Paid Legal Plans.
I will do my best to respond to any questions or comments.
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