What is the type of deal you are doing?

I have sold all but one of my personal investment properties and decided to invest with others in passive deals with sponsors of larger apartment complex's, trailer parks and others.

I was thinking of joining the local REI group, but I am usually busy with the kids during online event hours (maybe I should make a deal with my wife...lol).

I have seen 20-30% on 2nd liens in the past, not uncommon - especially if its a wonky type of deal (not your standard single family but land, development deal etc).I have started seeing some who have 30-50% 2nds from HML on single families. 

In my previous post under a similar heading I talked about my main learnings from a land deal that I'm working to close.

What made you interested in investing in this type of deal?

Little background behind the door: It's a MDF cheap one you buy at HD or Lowes. 

This is a common issue when dealing with these programs.

If you have a deal in the Jax area that might be a fit, I might be able to connect you with someone who could help.Thank you!

I estimate I lost probably 15k in the deal and taxes this year will tell for sure.