Quote:
Originally Posted by epitome
.....become a hard money lender for real estate investors that know what they're doing and successfully flipping in today's market. Easy 15 to 17% return on your money and at least one point on each deal. Do it at 60% LTV and make sure they have funds for renovations and its almost fool proof unless the market completely crashes. Even if they do fuck up, you own the house. There is no shortage of flippers that use HM, but there is a shortage of HML's.
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I read an article a few weeks ago about HML'ing. Seemed to good to be true but I have been meaning to do some more research on the subject. Thanks for the reminder! If anyone here has any experience as a hard money lender I'd love to hear about it.