Most investors focus on the returns. But few read the docs. In this episode, Mathew Owens and Kyle Swafford break down what actually protects you in a deal, and what doesn’t. From key PPM clauses to the real role of an attorney, this episode is a wake-up call for operators and investors alike. Whether you're raising capital or writing checks, you’ll want to understand the legal risks you're taking on, and how to avoid getting burned.
What You’ll Learn:
Why understanding your legal docs is just as important as underwriting the deal
What the PPM really protects, and who it’s written for
The operator’s legal risks (and how the SEC can hold you personally liable)
How to structure investor returns and fees to align incentives
What to document from day one to protect yourself years later
Why most accredited investors aren’t ready to prove it—and what that means for your raise
The danger of passive investing without reading the fine print
How interest rate shifts have wrecked recent deals, and what to watch for moving forward
