Quote:
Originally Posted by epitome
I'd do one of these two things:
a) Buy up front foots and create annuity for life. There are still tons of developers fire selling them for better cash flow.
b) become a hard money lender for real estate investors that know what they're doing and successfully flipping in today's market. Easy 15 to 17% return on your money and at least one point on each deal. Do it at 60% LTV and make sure they have funds for renovations and its almost fool proof unless the market completely crashes. Even if they do fuck up, you own the house. There is no shortage of flippers that use HM, but there is a shortage of HML's.
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The guys successfully finding 60% deals are going to laugh at 17% ... Go on up to 80% and you'll find the ones who don't care if they pay well over 20% but .. that gets risky