All Forum Posts by: Judy Rae

I agree with Patrick and Jeff.  I work with a ton of private investors and none of them are getting points nor are they expecting crazy high interest rates.  They are happy to get 8% -10% interest and have safer deals.  Not many borrowers need to pay a bunch of points and 12% for loans these days. Way too much competition out there now.

Alaska is pretty expensive but the guys I know of charge 4 points and 11%.  What is the purchase price and how much down payment do you have?

You might also want to check on Linkedin.  Lot of professionals on the site.

I agree with the guys posting here. Trust Deed investors make 9%-12%. Investors can use thier IRA or Pension plans etc. Most of my clients made a lot of money in real estate and are done hearing about toilets breaking, roof leaks and so on. They love the passive income TD's bring them.

Hi Steven,

As you said...The Bay area is not touchable.  I have a lot of investors coming to me who are buying properties in and around Sacramento and surrounding areas.  Still affordable and if the loan is structured properly will be cash flow positive or at least break even. And they can be purchased via your retirement plans.

Great. And if you ever need help fast just give me a call.

What states do you lend?  How many points?

Yes summer in Palm Springs is not nearly as busy but I make enough from Nov to April to make my mortgage ( hard money ) payment for the entire year.  And when it is not rented I have a retreat with a pool go to anytime I like.

Buying and holding is great as long as you buy right and have the lowest interest rate you can get. Rates depend on who is offering them but 7.9% - 12% is what you will hear from various people.

I am a lover of vacation rentals.  I have a few properties I rent by the week.  One in Fort Lauderdale and one in Palm Springs.  I will give you an example of why I say I love vacation rentals.  

My Lauderdale property is a direct oceanfront with 2 bedrooms and two baths.  If I would have opted to rent it unfurnished I would get somewhere in the range of $4,000 per month. Instead I opted to furnish it and rent weekly.  I get $2500.00 a week during peak season and $1,500 a week during the off season.  It is virtually never empty.  You do the math!

You just need to be sure to buy in an area popular with people going on vacation.

Ari there are good lenders out there.  How low of a rate are you looking for?