Warren Buffett’s #1 & #2 Rule of Investing
- Never Lose Money
- See Rule #1
If you are a private lender who loans money to real estate investors for 10% interest, or more, follow rule #1 – NEVER LOSE MONEY.
As a real estate investor, I have lost money on deals funded by private lenders.
NONE of my private lenders have ever lost money funding my short term fix & flip deals. Nor have they been shorted out of any interest as promised under our agreement. Not even when the deal itself cost me and my partners more than $100,000. Never Lose Money.
To review future Private Lender opportunities, sign up at www.FundRehabDeals.com. This time of year is a bit slower, but I will have many such loans available to fund over the next few months.
Time to Buy? Time to Refi?
Here’s how I view the market & interest rates: It is ALWAYS time to buy, just make sure the deal works at the available interest rates. Make Offers & Make Deals Often.
In December, I wrote about why mortgage rates haven’t come down yet-mostly due to lack of buyers for mortgage bonds. With this $200B purchase of those bonds, rates are falling.
Now, on the refi, this is a question of timing here, in my opinion. I’m waiting. I predict that the Fannie & Freddie buyback will instill some confidence in other investors also buying these bonds. Additionally, I expect more government supported buying of these bonds to continue moving rates down.
Affordable housing is a priority in the US right now, and the easiest and fastest way to get there will be lower interest rates.
We Own, Operate, & Buy
- Industrial & Commercial Property, 10K sq. ft. – 250K sq. ft.
- Mobile Home Communities (50 pad minimum)
- Well located Retail Development Sites
- Residential MFR & SFR
- Ideally long term rented asset with below market rents