CIF

Workshop
 


SCAMS

  
Be weary of people who offer you terms based solely on executive summaries...

Private Lenders who are not Banks (AAA)... they usually say something like they'll put 80% LTV down while you post the other 20% using some sort of asset or liquid means to secure it...

Private Lenders are also know for identity theft, especially from other countries.  Filling out a certain form with your info can turn into an absolute nightmare!!

Consultants who have retainer fee's... they're not necessarily scamming you all the time, but make them work for their money!  You don't offer Real Estate Agents retainer fee's do you?  If they don't sell or find a buyer for their listed properties then they don't make any money.

Common Occurrence:
Parties luring entrepreneurs to pay various due diligence fees, travel fees, bank account fees against the promise of investing with them.

What We Suggest:
Make sure you ask a lot of questions!  Don't be afraid to, many times consultants/lenders will use intimidation to limit the amount of questions at first or somewhere along discussion, but hold your ground.  If they don't do business a particular way, then they won't be doing business with you.  It's there loss, and move on.... The most valuable thing other than your idea/screenplay is your time.  DON'T WASTE IT!

We are all in a time of poverty together, the sooner you realize that, the sooner you'll become productive.

 

Examples: