Rank #59

Don't borrow money to invest.

This description is to warn people against the dangerous practice of borrowing money to invest. Investing can be a great way to make money, but it can also be risky. When you borrow money to invest, you are taking on even more risk because you are investing with borrowed money. It is

From Wikipedia

Private money investing is the reverse side of hard money lending, a type of financing in which a borrower receives funds based on the value of real estate owned by the borrower. Private Money Investing (“PMI”) concerns the source of the funds lent to hard money borrowers, as well as other considerations made from the investor's side of the equation.

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