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Updated over 5 years ago on . Most recent reply

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Bruce West
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Non-Disclosure / Angel Investor Protection

Bruce West
Posted

Greetings to all :)

I am in the process of soliciting potential investors/lenders for a 300 site RV park in a very high demand area. Obviously with the high profit potentials with this deal, many details will have to be covered with investors and lenders in order to have everything nailed down prior to pulling the trigger. What protections are available for someone like me who is doing all the work, against the possibility of being "burned" by someone who may initially network as a potential investor, but once they realize the potential, decide to cut me out of the process and do the entire deal on their own? Would a typical NDA even offer anything, since they wouldnt necessarily have to disclose anything, just do it themselves? Is it even possible to withhold critical details (such a property address, etc) from an investor in order to protect against this? Truly wondering how to navigate this possibility!! I dont want to come across as evasive, or vague when talking with investors, as I truly am willing to offer great investor terms, but I really dont know how to avoid getting scammed. Thank you.

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Bruce West
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Bruce West
Replied

@Scott Mac Can you elaborate a bit more on how you would suggest I go about that? 

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