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murf2222
ParticipantActually, If I end up doing this it will most likely be lending on a SFR that an investor/flipper needs funding on. The Norris Group specializes in this type of Trust deed lending and the 12% yield is based almost entirely on these types of properties.
They also have longer term investment programs that are geared towards rentals, but the yield is only 9%
ParticipantActually, If I end up doing this it will most likely be lending on a SFR that an investor/flipper needs funding on. The Norris Group specializes in this type of Trust deed lending and the 12% yield is based almost entirely on these types of properties.
They also have longer term investment programs that are geared towards rentals, but the yield is only 9%
ParticipantActually, If I end up doing this it will most likely be lending on a SFR that an investor/flipper needs funding on. The Norris Group specializes in this type of Trust deed lending and the 12% yield is based almost entirely on these types of properties.
They also have longer term investment programs that are geared towards rentals, but the yield is only 9%
ParticipantActually, If I end up doing this it will most likely be lending on a SFR that an investor/flipper needs funding on. The Norris Group specializes in this type of Trust deed lending and the 12% yield is based almost entirely on these types of properties.
They also have longer term investment programs that are geared towards rentals, but the yield is only 9%
ParticipantQwerty…….”very little skin in the game”? I would hardly call 45% “very little skin”.
I for one, wouldn’t mind a bit if the borrower defaulted and I was handed the keys along with 40-50 percent instant equity.
As we all know, selling a property if priced at what it’s worth is pretty easy right now (at least in SD county). As long as you have an accurate/current appraisal going in, I still don’t see the downside here.
Where else are you gonna make a 12% return AND have your investment so well secured/levered right now?
ParticipantQwerty…….”very little skin in the game”? I would hardly call 45% “very little skin”.
I for one, wouldn’t mind a bit if the borrower defaulted and I was handed the keys along with 40-50 percent instant equity.
As we all know, selling a property if priced at what it’s worth is pretty easy right now (at least in SD county). As long as you have an accurate/current appraisal going in, I still don’t see the downside here.
Where else are you gonna make a 12% return AND have your investment so well secured/levered right now?
ParticipantQwerty…….”very little skin in the game”? I would hardly call 45% “very little skin”.
I for one, wouldn’t mind a bit if the borrower defaulted and I was handed the keys along with 40-50 percent instant equity.
As we all know, selling a property if priced at what it’s worth is pretty easy right now (at least in SD county). As long as you have an accurate/current appraisal going in, I still don’t see the downside here.
Where else are you gonna make a 12% return AND have your investment so well secured/levered right now?
ParticipantQwerty…….”very little skin in the game”? I would hardly call 45% “very little skin”.
I for one, wouldn’t mind a bit if the borrower defaulted and I was handed the keys along with 40-50 percent instant equity.
As we all know, selling a property if priced at what it’s worth is pretty easy right now (at least in SD county). As long as you have an accurate/current appraisal going in, I still don’t see the downside here.
Where else are you gonna make a 12% return AND have your investment so well secured/levered right now?
ParticipantQwerty…….”very little skin in the game”? I would hardly call 45% “very little skin”.
I for one, wouldn’t mind a bit if the borrower defaulted and I was handed the keys along with 40-50 percent instant equity.
As we all know, selling a property if priced at what it’s worth is pretty easy right now (at least in SD county). As long as you have an accurate/current appraisal going in, I still don’t see the downside here.
Where else are you gonna make a 12% return AND have your investment so well secured/levered right now?
ParticipantI’ve been looking into this type of investment as well….Specifically short term 1st Trust deeds (hard-money loans). The LTV ratio loaned out on these is in the 60% neighborhood, so the borrower has quite a bit of skin in the game and a huge motivation to perform.
The area that could pose the biggest problem is not getting an accurate appraisal, but as long as that base is covered I just don’t see a downside to it. Compared to the volatility of the stock market lately It looks like a viable alternative. I’m really close to pulling the trigger myself, so I’d like to hear other opinions too.
ParticipantI’ve been looking into this type of investment as well….Specifically short term 1st Trust deeds (hard-money loans). The LTV ratio loaned out on these is in the 60% neighborhood, so the borrower has quite a bit of skin in the game and a huge motivation to perform.
The area that could pose the biggest problem is not getting an accurate appraisal, but as long as that base is covered I just don’t see a downside to it. Compared to the volatility of the stock market lately It looks like a viable alternative. I’m really close to pulling the trigger myself, so I’d like to hear other opinions too.
ParticipantI’ve been looking into this type of investment as well….Specifically short term 1st Trust deeds (hard-money loans). The LTV ratio loaned out on these is in the 60% neighborhood, so the borrower has quite a bit of skin in the game and a huge motivation to perform.
The area that could pose the biggest problem is not getting an accurate appraisal, but as long as that base is covered I just don’t see a downside to it. Compared to the volatility of the stock market lately It looks like a viable alternative. I’m really close to pulling the trigger myself, so I’d like to hear other opinions too.
ParticipantI’ve been looking into this type of investment as well….Specifically short term 1st Trust deeds (hard-money loans). The LTV ratio loaned out on these is in the 60% neighborhood, so the borrower has quite a bit of skin in the game and a huge motivation to perform.
The area that could pose the biggest problem is not getting an accurate appraisal, but as long as that base is covered I just don’t see a downside to it. Compared to the volatility of the stock market lately It looks like a viable alternative. I’m really close to pulling the trigger myself, so I’d like to hear other opinions too.
ParticipantI’ve been looking into this type of investment as well….Specifically short term 1st Trust deeds (hard-money loans). The LTV ratio loaned out on these is in the 60% neighborhood, so the borrower has quite a bit of skin in the game and a huge motivation to perform.
The area that could pose the biggest problem is not getting an accurate appraisal, but as long as that base is covered I just don’t see a downside to it. Compared to the volatility of the stock market lately It looks like a viable alternative. I’m really close to pulling the trigger myself, so I’d like to hear other opinions too.
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