I think that 3-4 years ago was the correct time to invest in trust deeds. BradPitt you may want to read up about tax liens. There are potentially nice returns with much less risk.
If the housing market does what we are all thinking it will do, and if the NOD rate continues to grow at the rate it is growing, it would seem to me that trust deed investing is not a good idea at this time.
Finally, I do not mean to be flippant but your initial posting referred to this investment guy having learned his lessons in the 98 downturn? Well 1998 was not a downturn… In many opinions of this site, 1998 will look like a great year compared to the upcoming years ahead for Realtors, lenders, and second trust deed holders.
Please show me this guys record for the true downcycle back in the early 90’s.
Chris J said it correctly, the easy money has already been made.
