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  • #1

    Hard Money Lending

    I was listening to the newest Podcast this AM and the secured real estate funds came up from the guest speaker as a relatively safe place that yields 8% with a 1 year, 5K minimum requirement. I was wondering if anyone had any experience with this site or similar products?

    http://securedrealestatefunds.com
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  • #2
    Fully taxed income. I disagreed with the speaker's self-promoting ideas. Bet he is well paid to push these entities onto investors. Low fee? Diversified? Liquid? Are investors so starved for "income" that they take anything with high yield. Remember the promise of guaranteed high yield is one of the most reliable markers for fraud.

    I especially disliked his idea of using a HELOC as a checkbook to pay down your mortgage debt faster. Why not make an automatic extra payment from your paycheck early every month? Might require discipline.  The speaker's message sounds too much like "Pay Yourself First."

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    • #3
      Im also interested in learning a little bit more about securedrealestatefund.com if anyone has experience with them.
      I agree with the above...i wasn't a fan of the whole Heloc thing. Im happy to have listened to it though. It was very entertaining.

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      • #4

        wolverine41 wrote:



        I was listening to the newest Podcast this AM and the secured real estate funds came up from the guest speaker as a relatively safe place that yields 8% with a 1 year, 5K minimum requirement. I was wondering if anyone had any experience with this site or similar products?

        http://securedrealestatefunds.com
        Click to expand...


        Not familiar with this particular firm, but I have 5% of my portfolio in hard money loans. I'll discuss it in detail in a couple of weeks in a post I'm writing now. I think it runs on the 22nd.
        Helping those who wear the white coat get a fair shake on Wall Street since 2011

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        • #5
          it can't be that safe if it yields 8%.  I wonder what the default rate is on these

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          • #6
            My retirement accounts (invested in run of the mill Vanguard and TRowe funds) are up over 21% for the last 12 months....I would not say that 8% in this kinda market is a good return. Maybe in the future.

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            • #7

              Dreamgiver wrote:



              My retirement accounts (invested in run of the mill Vanguard and TRowe funds) are up over 21% for the last 12 months….I would not say that 8% in this kinda market is a good return. Maybe in the future.
              Click to expand...


              Right, but we're in a bull market right now.  In the next 3 years it could be a -30% return.  It all averages out to a rate of return close to 8% though.  On average, 8% over the long haul is pretty darn good.  If we all consistently got 8% over the life of our investments, we'd be in excellent shape.

              With that being said, at this point in my life I don't feel comfortable putting cash into these sorts of investments.  Maybe if I had the kind of net worth as WCI I'd feel more comfortable putting 20-30k? into something like this, but not right now.

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              • #8
                has anyone else jumped on using them? I have put a bit into them, and i've gotten one return since february. Communication is questionable...just seeing if i'm alone on this one.

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