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Joe,
You need to know that the collateral is adequate (more than adequate) and that the person you are lending to is reliable. If you go to the learning annex and click on creative financing, there are 3 videos where Walter Wofford interviews private lenders about their lendign criteria. These are pros. It would be a good idea to watch the videos and learn from these people who lend money on a regular basis. Their advice is based on years of experience and will give you a lot of ideas on how you need to establish “your criteria”
Jackie Lange
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