Hmmmm, too good to be true, I literally haven't heard of this, but i'll carry out my own research before putting any money here.
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Hmmmm, too good to be true, I literally haven't heard of this, but i'll carry out my own research before putting any money here.
I am a real estate investor and have even used bridge loans on deals before. There are many products like this popping up, which is all well and good while the market is still rising and interest rates are rock bottom.
The thing is, most of these loans are for people either flipping or getting their property or financials in a position to refi into a longer-term loan so there is risk in people not performing.
On the flipside atleast the lender has a lien on the property and can foreclose to recoup the loan amt, which is good collateral for a few here and there. But if there is any real downturn in the market things get ugly quick.
This isn't to say one should not invest in such products, but just be cognizant of what it is and the risk-reward. This would qualify as your "risky" portion of an overall portfolio in my opinion, and again. I am a real estate investor. I share a ton of real estate info on my steemit blog and on my website https://scaredycatguide.com/category/real-estate-investing
Nice, gotta love those promo $$$. And yeah you are basically free rolling just to try. Love those scenarios!