Hello, all. I'm new here and glad and I found this place. Hoping to share what I know and what I need to know.
I'm looking to park some cash in an investment that is both safe and provides a healthy return, (aren't we all?).
I know a real estate investor who is offering an 11% return if I fund his deals and act as the bank for him. He would bring me the deal and I say yay or nay. I'm protected by the equity in the deal, (at least 30% below appraisal).
I've got the cash, and I'm not interested in earning 3% in a CD.
What do you think? Thank you.
I'm looking to park some cash in an investment that is both safe and provides a healthy return, (aren't we all?).
I know a real estate investor who is offering an 11% return if I fund his deals and act as the bank for him. He would bring me the deal and I say yay or nay. I'm protected by the equity in the deal, (at least 30% below appraisal).
I've got the cash, and I'm not interested in earning 3% in a CD.
What do you think? Thank you.