Quote:
Originally Posted by turbo6bar
Looking for advice on securing private money for my investments. Ideally, I'd like to find a retirees or individuals who have money invested in fixed securities who would like a chance to earn a better return secured by distressed RE.
The foreclosure market has gotten to the point the returns are too juicy to pass up. However, I have committed so much personal capital in various projects that I cannot finance many new deals. I'd like to find the proverbial little old lady making 1.5% in a bond fund, offer her 4% and create a win-win situation.
I know I can make it work.
Any advice appreciated.
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You'd be better off trying to sell it to younger people who want to get a better return and have time to recover if your enterprise is less than successful. Retirees and little old ladies settle for low returns because the risk is low. If they want more risk/reward they already know where to get it, but they don't.