Posted by Rob on March 24, 2010 at 23:57:16:
From what I have been hearing this is a very good rate. Most offers are at 10%. I am located in Vancouver BC Canada. Would your group consider investing up here? I am working on a SF property but am also working on putting together a much bigger commercial deal which would require approx. $1M investment for a period of a year.
If interested drop me an email to the above address and I’ll call you.
Lend money for flipping at 12% for 3-6 months - Posted by james (CA)
Posted by james (CA) on March 24, 2010 at 11:12:15:
As an investment, I am offered at 12% interest regardless of time when a property is sold which can be 3 months. So in reality, 12% rate can be 24% if sold in 6 months, or 36% in 3 months. I am joining with some friends with 1st TD position. We have about 3-4 investors on this particular project but look for more projects. I am in Southern CA btw. Is this a decent return 12% for investing on flipping.