Episode 111: One Florida Investor Just Lost 30 Deals (And Every Private Lender With Him)

What happens when 30 real estate deals fall apart at the same time, and the private lenders lose everything? It’s happening right now. Rich actually likes subject-to deals. They can be powerful tools when used correctly. But when you ignore basic rules, equity, underwriting, legal structure, and skin in the game, things can go bad fast. And when they do, the private lender is usually the one left holding the bag.In this episode, Rich breaks down what went wrong in a major Florida subject matter situation and why so many private money lenders are suddenly stuck with no exit and no protection. This isn’t about fear. It’s about facts.You’ll Learn How To:Spot red flags before wiring your moneyProtect yourself in subject-to dealsAvoid greed-driven decisionsStructure private lending the right wayMake sure you’re truly secured before fundingWho This Episode Is For:Private money lendersPassive investors chasing high returnsAnyone involved in subject-to dealsInvestors in masterminds or paid groupsReal estate professionals who want to protect their capitalWhy You Should Listen:Many lenders were promised 30%, 40%, or even 50% returns. That should’ve been the first warning sign. Rich walks through the six biggest mistakes private lenders are making right now, from lending outside their local market to skipping attorneys, ignoring equity, and trusting operators with zero skin in the game.What You’ll Learn in This Episode:[00:00] What’s happening with subject-to deals around the country[02:00] Why lending outside your local market adds massive risk[04:00] The greed gland problem and unrealistic returns[05:30] Why operators need real skin in the game[07:00] The danger of skipping legal representation[08:30] Why equity is non-negotiable in lending[10:30] The problem with mastermind groupthink[12:00] How to protect yourself before the deal goes badFollow Rich Lennon here:Website: https://richlennon.com/Facebook: https://www.facebook.com/rich.lennon.121Instagram: https://www.instagram.com/richlennon92/