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Updated over 4 years ago,
Private Money Lending Qualification
I was reading one of the trending posts this morning where a user was discussing unfortunate circumstances where they were taken advantage of by somebody she lent money to. Unfortunately, it looks like that forum is turning into a "can't believe you would do that, you should've known better, you should've done this or that or XYZ." Maybe its just me, but I'd love to know how these investors we're able to get to where they are today without making any mistakes.
Anyway, I thought we could open up a discussion here about how one would go about vetting an investor they are going to lend money to. I'm new, haven't done anything with private money before, so would love to know what someone on the other side of the table would want to see in me before lending money.
So, "What processes do you have for qualifying someone before lending to them?"