They placed ads in LA times as follow:“Concert Promoter Seeks silent investor for national concerts (561) 337-8965”MAD Productions INC in Royal Palm Beach, FloridaMiami Seven Events in Chesapeake, VAI got burnt by Pinnacle Development and got burnt the second times; I guess I am really foolish to play this kind of investment game.

You don’t want them to be mad and sue you in court as you will likely lose.

@Chris Mason thanks for the tag, but I can’t help stupidity.This is a prime example that there is simply too much money out there, and that even cab drivers dole out real estate advice. 

Don't assume what their personal assets are, you could ask to verify or just ensure that the loan works from an equity standpoint.Network network network to find references for any borrowers.Also in many times in a private lending scenario you are in the driver's seat from an interest rate perspective as they need your money.

No one complained when every appraisal had the optimistic tint of a booming market - with appraisers highlighting the color of baseboard as an amenity - so "why you mad" when they stop issuing garbage appraisals and hold values of comparables more closely to each other?

Here in southern California we have all of the drivers that push prices up.

Some of these employee would be as mad as us for losing their jobs and being conned and lied about legitimacy of pinnacle.

Bought my first duplex (still own) while working as a part-time bus driver and cab driver, plus part-time heating oil delivery.

He has an accountant, lawyer to take care of legal issues that he never hears about, advisory board, driver, etc. 

STOP THE MADNESS JAY!