Lend to a Flip or Mortgage Note from my SDIRA?

[Vina Real]

 I have a promissory note on my SDIRA that's maturing on the 25th. It's invested on a flipping company in Florida for 11 percent interest. My question is what do you think is a better investment, a flip company or a mortgage note? I met somebody here in BP who does mortgage notes and he has opportunities for me to partner with him. He does all the DD and servicing while I fund the note 100 %, with 15 % interest. Do you think it's wise to just renew the promissory note or invest that money into a new strategy like a mortgage note?

[Carl Fischer]

@Vina Real

It appears the second note gets you 4% more and you have the note and mortgage securing the investment. Seems better than the first at 11% and a promissory note that may or may not be secured. 

Most likely the 15% note has points that are going to the originator and your getting the interest over time. As all suggested get references and do your DD on both parties and possibly diversify and use both in the future. It doesn’t have to. E an either or situation.