I recently read this story in the WSJ about private mortgage investing:
Asking a Rich Stranger for a Home Loan | Jumbo Jungle - WSJ.com
The idea intrigued me, I ultimately contacted Rama Capital, mentioned in the article.
I received a reply from Mr. Alim Kassam, the CEO. (landed in my Spam folder) He attached some brochures about performance, etc with the email, mentioned he was leaving the country for several days, but offered to answer questions. We emailed back and forth a few times over 2 days.
Their minimum to invest is $100k, more than I would be interested in. I was impressed with Mr. Kassam, who was polite and professional in his attempts to help in any way possible.
I still like the idea of a similar investment, and am going to try and do some research on the topic. Other than GNMA funds and REITs, does anyone have any experience with something of this nature?
Asking a Rich Stranger for a Home Loan | Jumbo Jungle - WSJ.com
The idea intrigued me, I ultimately contacted Rama Capital, mentioned in the article.
I received a reply from Mr. Alim Kassam, the CEO. (landed in my Spam folder) He attached some brochures about performance, etc with the email, mentioned he was leaving the country for several days, but offered to answer questions. We emailed back and forth a few times over 2 days.
Their minimum to invest is $100k, more than I would be interested in. I was impressed with Mr. Kassam, who was polite and professional in his attempts to help in any way possible.
I still like the idea of a similar investment, and am going to try and do some research on the topic. Other than GNMA funds and REITs, does anyone have any experience with something of this nature?