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 contractors3️⃣ Why cross-collateralization can be risky👉🏼 Sign up for my free legal workshopDISCLAIMER: Although Bonnie is an attorney she doesn’t give legal advice without a dually signed engagement agreement. All episodes of House of Horrors are educational and informational only. The information discussed here isn’t legal advice and isn’t intended to be. The information you listen to here isn’t a substitute for seeking legal advice from your own attorney © 2021-2022 Bonnie Galam LLC | All rights reserved | Any use of this intellectual property owned by Bonnie Galam LLC may not be used in connection with the sale or distribution of any content (free of paid, written or verbal), produce, and/or service by you without prior written consent from Bonnie Galam LLCDISCLAIMER: Although Bonnie is an attorney she doesn’t give legal advice without a dually signed engagement agreement. All episodes of Good Bones Real Estate Investing are educational and informational only. The information discussed here isn’t legal advice and isn’t intended to be. The information you listen to here isn’t a substitute for seeking legal advice from your own attorney © 2021-2023 Bonnie Galam LLC | All rights reserved | Any use of this intellectual property owned by Bonnie Galam LLC may not be used in connection with the sale or distribution of any content (free of paid, written or verbal), produce, and/or service by you without prior written consent from Bonnie Galam LLC