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All Forum Posts by: Ronald Lit

Ronald Lit has started 1 posts and replied 4 times.

Post: First Trust Deed Investing

Ronald LitPosted
  • Atascadero, CA
  • Posts 4
  • Votes 0

Jo-Ann,

Not sure how to PM you.  Kind of struggling on how to use this site for messaging.

Ron

Post: First Trust Deed Investing

Ronald LitPosted
  • Atascadero, CA
  • Posts 4
  • Votes 0

Thanks for the info all.  I agree that one note - one investor is the way to go.  That's how I started back in 2005.  But it worked so well and the company so legit and so many acquaintances of mine had done so well over the years that I started going into the multiple investor routes.  Then the ponzi scheme and then the housing collapse.  LOL  sob sob sob.

I don't quite have the cash for one note - one investor route, yet, but Ground Floor seems to be doing well.  I've been dipping my toe in on the better-rated loans.  Still too soon to get a payoff but a colleague of mine has been happy with them for a few years now.  

I just thought it a little odd that there was no information out in the web about the principles or their companies.  Granted a small time once or twice a year flipper may not have a web presence.  

I stumbled onto this site while researching a couple of GroundFloor loans.  Very interesting!

If I didn't already have a full-time job I'd look into getting some rental properties in various states as a diversification strategy.  :-) 

Post: First Trust Deed Investing

Ronald LitPosted
  • Atascadero, CA
  • Posts 4
  • Votes 0

I did some first trust deed investing in California before the 2008 crash and the company I was working with evolved into a ponsy scheme.  They went to jail and recently got out.  

I'm guessing the pain has subsided and I discovered GroundFloor.com.  Does anyone know anything about this outfit?  Seems pretty legitimate but was wondering if there was anyone out there who used them?

Post: Birmingham Alabama SFH investing

Ronald LitPosted
  • Atascadero, CA
  • Posts 4
  • Votes 0

What do you know or think about GroundFloor.com?