47. New Construction Ponzi Scheme
I know none of us would ever start a Ponzi scheme but what are the red flags? What should you put in every contract to make sure the Seller isn't doing this? And what should you know before your next refi so you don't trap yourself as this investor did! In this week's podcast episode you'll learn: 1️⃣ The importance of beefy seller’s representations (and buyer’s attorneys to put ‘em in the contract!) 2️⃣ Red flags to keep an eye out for with contractors 3️⃣ Why cross-collateralization ...