where to invest further

[Skeptical]

This is another asset class for the non-traditional portion of my portfolio. The company is called American Home Preservation. They buy distressed loans and then renegotiate the mortgage for the homeowner. The current rate on your investment is 12%. Check it out.

Michael



 

[neals384]

Re. American Home Pres., Wikipedia says:

AHP uses the current value of the home as the basis for determining the modified payments, principal discounts and incentive payments offered to borrowers. As a result of this formulaic approach, borrowers are not required to furnish significant documents in order to obtain mortgage modifications.

So there's your risk factor.  Lost you union job?  Now flipping burgers?  No problem!

[James Adams]

I like the idea of property crowdfunding. It is something that seems modern to me, because we are all connected through social media and we can always pool together funds if we like some real estate project.