But, they'll flaunt it in front of their guests!

Could this be something, or is it a flop waiting to happen (pig in a prom dress)?

It would be spelled out in the Prom note.

I’ve borrowed with my personal name. agreed unsecured Prom note is what you would do here.. of course Notary is not required on Notes but does not hurt to do it..  

HML probably won't allow subordinate recorded debt. only option is loan to you or LLC. on a unsecured Prom note..

If he ever did go into a bank for a serious meeting he probably dressed like a high-school kid going to the prom (same as what he's wearing in the photo he posted). 

Wealth- don't flaunt it. 

The problem is that it's easier said than done, social influences weigh heavily and people are always trying to flaunt and out-do their neighbors and friends.I think work ethic and passion is by far the most important factor that differentiates the wealthy from the others. you don't really ahve to be that "smart" IMO.I think the recipe for success and wealth is this: If you are passionate and determined and thus work hard towards your goals, and are financially responsible (spending less than you earn) wealth can be achieved by almost anyone.the two opposite ends of the spectrum are the individual who labors at a meanial job just enough to pay his rent, cable bill, and a case of beer and box of cigarettes so he can sit around his house watching tv.

The Prom Note (notarized, not recorded) references "projected" sales prices and anticipated profit of $125K to me, etc but is (unfortunately) silent on this potential issue - except it says Borrower needs to keep property (and improvements) insured etc.  

This is like high school prom all over again!