Patricia Cornwell, the writer credited with getting many of us interested in forensics, probably should have been doing a little more investigating of her own investments.
She claims the people who were supposed to be in charge of her real estate are responsible for her loss of $40 million.
On the surface of it that seems like a lot of money.
But what went wrong, or better yet, what exactly happened?
Here’s a warning. We keep reading these stories and if you’re thinking about turning your properties over to managers as I am now considering, you’d better do your due diligence or else your money could end up in the morgue.
But perhaps Ms. Cornwell could have been a hard money lender.
Here’s an interesting article about what hard money lending is and how it can benefit both those with money and those who are anxious to borrow it.