For Ohio I believe I said 100k. There are plenty of properties available in the 80-100k range.porticoman wrote: ↑Sep 5th, 2017 10:29 amGood points & good discussion on alternative lending
What do you see is the downside to that type of bridge financing, I'm thinking risk vs reward since there are also zero guarantees on that type of [private lending] $10k bridge financing unless the borrower can come up with minimum $10k of collateral...gold, jewellery etc
Do you know what sort of return folks are getting on the bridge financing/private lending?
Would it also be a single or pooled investment with no upper limit amount?
On US real estate investing in Ohio, couldn't find anything for $10k. Closer to the GTA are properties in Niagara Falls New York. A triplex in fact for $15k, property taxes reasonable for the area
http://www.realtor.com/realestateandhom ... 0847-60246
For private lending, you can pick and choose. My preference is to bridge loan someone who is going through a divorce and is buying a new home but does not have the money to close until the divorce is settled. I prefer this scenario because the money is coming in. Often times they have a relationship with the real estate agent so you can get a picture of the person you're dealing with. You can be second in line to the bank on a lien (meaning if they default you still will have a hard time collecting) but at least you hold some type of paper position.