John C

Jan 27, 2017

Easy way to participate in the fix-and-flip lending market, while getting lots of diversification and outsourcing the due diligence.  I am in Fund II, which is performing pretty much according to plan.  Only problem is that the principal comes back pretty quickly as loans pay off.  Sponsor is easily accessible and has good website that provides details on the loan portfolio.  I get income monthly, typically within 7 days of the end of the month.  He sends principal back within a few days of loan payoff. 

I have also done some direct lending through other sites, but think for the 1% fee he charges, it is just easier to let him leverage his contacts and get the best financing deals from these sites.

 

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