gator lending and the pros and cons

[Farley Youman]

I have recently looked into Gator Lending. Although I have read 60 books on real estate investing (and completed fix and flips for profits), I do not know a lot yet about gator lending and the pros and cons- and most importantly the risks. 

-If I use this method, I will definitely want it to be set up with a title company for protection.

-I may also want to meet in person with the title company first to get the pros and cons and of course the risk level.

I am very cautious when it comes to real estate, and because of this I have never lost money on real estate. My method is less location, location, location, but rather cautious, cautious, cautious!

To further reduce my risk (and yours as well), I would want to partner up together with another "gator" at least for the first few deals. In other words, I would pay half the earnest money- or whatever the payment was for, and you would pay the other half. Please let me know if you are interested or have tips on this subject. I would be particularly interested in hearing from someone that has already done this method, or a title company that has performed this process. 

I am located in GA and if I do this method, I will probably do it here since the laws seem to be fairly protective in this great state.  I would also be interested in other states that have similar laws. Thank you.