Real Estate Investor Huddle

Private lending is one of the most effective ways to generate wealth - but it does present some risks, so we need to ensure we protect ourselves. Is it ever a good idea to agree to a loan without paperwork? Who should we be lending to, and should we always evaluate our current financial position before making a deal? On this episode, host of the Private Lender Podcast, Keith Baker shares how we can protect ourselves as private lenders.    Takeaways + Tactics  Don’t loan anything until paperwork has been signed. Paperwork protects us, and should be drawn up by licensed professionals - we should never try doing this ourselves. Work with people who have skin in the game. Our borrowers should have at least 10% of their own cash in the deal.  Avoid taking on second positions. The risk skyrockets with these investments, so wherever possible, stick to first position loans.   Guest Bio-  Keith Baker is the co-founder of Asset REI, LLC, and the host of the Private Lender Podcast. After learning many lessons the hard