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Updated over 5 years ago,
- Real Estate Broker
- Naples, FL
- 6,551
- Votes |
- 9,365
- Posts
Why YOU Should Become A Hard Money Lender
Why YOU should become a hard money lender:
1. VERY limited risk if you underwrite properly
2. returns up to 60% per anum or more
3. easy easy investment--just collect mailbox money
4. much LESS work than being a landlord
5. returns are steady and will NOT fluctuate like the stock market
6. returns are guaranteed by contract unlike stocks
This is NOT legal advice, it is MY personal experience. My last loan yielded 36% per anum. I have one expected to pay off Aug 1 yielding 29% per anum. Like ANY investment, things can go wrong--BUT--you have a written contract AND good collateral if underwritten properly. There are lots of BS guys promising pie in the sky returns in the RE realm.
If you choose to become a HML you must KNOW YOUR STATE LAWS. Make great money and STAY OUT OF TROUBLE! My returns are in FL and your laws will vary as to rates, etc.
I would like to thank @Jay Hinrichs for helping me become better at this.