What if I don’t like the property you are asking to borrow from me on?
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Here’s the very next question in our series on private lending FAQs. The question is: What if I don’t like the property you are asking to borrow from me on?
And, here is my answer:
If we present you with a particular property and, FOR ANY REASON, it just is not a good fit for you, then you can pass.
Unlike other investments where you turn over your money to someone and they make the decisions on where to invest it for you, we believe you have the right to cherry pick the best properties for yourself.
If you prefer to lend only on properties in a certain price range, in certain neighborhoods, at certain loan to values, or painted a certain color… that’s fine. You have the right to pass or play on any property we present.
Until my next post,
James
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