House of Horrors

47. New Construction Ponzi Scheme

March 09, 2022 Season 2 Episode 3
House of Horrors
47. New Construction Ponzi Scheme
Show Notes

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 can be risky

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DISCLAIMER: 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 LLC

© 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 LLC