Lane Kawaoka

Youtube link: https://youtu.be/-V3XaCWF-vI Website link: SimplePassiveCashflow.com/lend Never buy a note on something you wouldn’t want to own. Consider the worse case scenario where if your borrower defaults you take it over. You might need to have a team there or some contacts local that you trust. If the loan goes into default, take action immediately start the timeline just like an eviction. Do not loan money to someone you would feel uncomfortable foreclosing on such as a friend or relative. If you are lending money on repairs you might want to originate a separate note with a higher interest rate with separate collateral as to not encumber the original asset with debt that you put you in a lower leverage position if you ever have to collect. Beware of borrower robbing Paul to pay Peter. Collect monthly installments so you know if the borrower is getting into financial trouble. If you don't know what you should get in terms of interest rate or don't know how to evaluate the risk get