underwrite
Recycles dryer sheets
Can you beat that? Serious question as I’d love to find other ways to get yield. I checked out some of the discussions on the preferred board and you really have to buy some low quality preferreds to get decent yield.
The loans I reference in the subject line are from Peerstreet. The loans are backed by a house that is being renovated and then sold (flipped). The company doing the remodeling puts down 25% equity. That leaves you with a decent cushion when the deals occasionally go bad. I’ve had 2 homes out of approx 50 go into foreclosure. I believe, even on these two, I’ll get my principal and interest back due to the equity cushion.
The loans are generally 6-24 months in length.
Anyways, interested in any recommendations on ways to get yield. I have plenty of stock market exposure and am looking for ways to diversify.
The loans I reference in the subject line are from Peerstreet. The loans are backed by a house that is being renovated and then sold (flipped). The company doing the remodeling puts down 25% equity. That leaves you with a decent cushion when the deals occasionally go bad. I’ve had 2 homes out of approx 50 go into foreclosure. I believe, even on these two, I’ll get my principal and interest back due to the equity cushion.
The loans are generally 6-24 months in length.
Anyways, interested in any recommendations on ways to get yield. I have plenty of stock market exposure and am looking for ways to diversify.