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Do NOT Watch This Video If You Want To Lose Money Being a PML | The Kevin Choe Show Ep. 2
Manage episode 487651103 series 3670519
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In this podcast, my transaction coordinator, Love, and I discuss the importance of safely securing private money lenders in real estate transactions. We highlight the necessary paperwork, such as the note and deed of trust, and emphasize the need for transparency and protection for both borrowers and lenders. We also stress the importance of verifying credibility, underwriting the deal, and ensuring that the deed of trust is recorded. This conversation provides valuable insights for both borrowers and lenders in navigating private money lending in real estate.Key Takeaways:-Safely securing private money lenders is crucial in real estate transactions.-The necessary paperwork includes the note and deed of trust.-Transparency and protection are important for both borrowers and lenders.-Verifying credibility, underwriting the deal, and recording the deed of trust are essential steps.-Working with a transaction coordinator can help ensure proper documentation and protection.
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