Tommy Dobczyk warns that parties obsessed with a first-position lien and refusing second-position are hiding property problems. Watch for these red flags to avoid getting scammed in real estate deals.
Are you in the deal room? Find liars and bullshit, bullshit artists. Okay, so we, we went through— it was so— I'm so glad that we did have that. We went through it and we found it because again, like, them getting hung up on first position lien was a red flag. Like, if they're so secure this property is in that great a position to move, why would they not take a second position lien? You know, the first position lien, yeah, it's, it's traditional, but that's if we're bringing— only having to bring $4 million.
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