If you are paying granny 10%, she has few alternative investments with that 25K she gave you!

I hope I can find something a bit more interesting than that.Also any other suggestions for alternative investments that could introduce some non - correlated assets into my portfolio.

And even if prime goes to 4%, 5%, 6%, or even 7%, that's still relatively cheap money.Perhaps most importantly for you, though, what are your funding alternatives?

I am also looking for a good alternative?

Alternatively, can anyone find a note investor to do the deal for me it over 5 years or so?

From a federal view point, anyone making a loan on a residential property will need a license with few exceptions.It will probably be easier for you to find an existing mortgage broker and work with them.While recent laws were enacted with a consumeristic public cause, they really help limit competition and alternatives that benefit banks.

An alternate title for my post could be 'Flippers and the Law of Diminishing Spreads'!

Since you are not a lender, most likely you will need to find the borrower and have them provide you with a letter requesting that the bank sell you the note as an alternative to foreclosure.

Joe,As Jason stated, never jump into an investment without a plan and alternative exit startegy(ies).

If it weren't for the nuclear fallout they could just scrap the land and start over.