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PLP-098: 6 Warning Signs Your Borrower May Be In Trouble

6 Signs your borrower may be in trouble

1.     Sudden lack or stoppage of regular communication

2.     Late payments/returned 

3.     They ask you if you can lend them “just a little more”

4.     You have to chase them for an update

5.     They don’t want you visiting the property

6.     Talk about changing exit strategies that require you to “stay in a little longer” (ask their previous lenders because shit does happen, but if they make such biz practices a habit, then you might want to pass on their loan if the numbers are getting thin.  

About the author, Keith Baker

My ultimate goal is to create an economy for Real Estate (and other) Investors where banks are no longer needed. An economy where every day people look to each other for leverage and support. During the day I am an insurance adjuster for the oil field, where I handle millions of dollars of other people's money (OPM), and by night I invest in Real Estate and host this podcast. I hope you have an excellent experience and find real value within this website and the Private Lender Podcast. Please leave comments or submit your questions on the Contact Page.

I wish you prosperous, safe and happy lending and investing!

Thanks for listening

-k

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