Deal Going Sour

[Chris Williams]

I am a beginner investor who still hasn't got their first deal. I have spoken with some real estate friends and they have told me about how private money has helped their business grow massively. It is something I believe will help me finally get that coveted first deal and first paycheck. As a beginner, I want to operate an ethical and sound business. With that being stated, what do I do if I borrow funds from someone and the deal goes sour? For those who have borrowed private money before and had a deal go sour how did you rectify the situation? What would you have done different if anything? How can a beginner get over that fear of losing someone else's money? Please make your responses as short or as long as you want and I will read over them. Thanks so much!