Oct 4, 2021
Join the Carolina Capital team every Thursday at 12 pm Eastern for the Real Estate Investor Show - Hard Money for Real Estate Investors!
This week Bill Fairman, Wendy Sweet & Jonathan Davis give an answer to the following Ugly Questions:
1. I’ve heard some seasoned lenders say they always require a personal guarantee from their private borrowers and some say it’s not necessary. What do you think?
2. When is lending in the 2nd position ok to do and what should a lender require of the borrower to protect their principal?
0:01 - Introduction: “ Is it worth your while to get a personal guarantee on your loan?“
3:26 - Breaking News
3:48 - New Unemployment Claims are 375,000
5:50 - Inflation May Last Longer
8:55 - The GDP for the 2nd quarter 6.7%
12:19 - Any advice on how best to adjust for the supply chain interruptions when approaching remodels? Order supplies well in advance of needing them?
15:24 - Ist Ugly Question: I’ve heard some seasoned lenders say they always require a personal guarantee from their private borrowers and some say it’s not necessary. What do you think? 21:48 - When is lending in the 2nd position ok to do and what should a lender require of the borrower to protect their principal?
Carolina Capital is a hard money lender serving the needs of the “Real Estate Investor” and the "Small Builder" borrower who is striving to build wealth and generate income for themselves and their families. We offer “hard money rehab loans” and "Ground-up Construction Loans" for investors only in NC, SC, GA, VA, and TN (some areas of FL, as well).
As part of our business practices, we also serve as consultants for investors guiding them to network with other investors and educating them in locating and structuring transactions. Rarely, if ever, will you find a hard money lender willing to invest in your success like Carolina Capital Management.
Listen to our Podcast: https://thealternativeinvestor.libsyn.com/
Visit our website: https://carolinahardmoney.com
YouTube Channel: https://www.youtube.com/channel/UCYzCFOvEt2n9TchgECLwpww