Quote (RedFromWinter @ Feb 1 2023 02:55pm)
Real estate is wacky, I'd only get involved if you can be personally hands on. Starting to see sketchy things in the market, specifically with bank owned foreclosures. One nearby recently updated as going to auction and the Zestimate jumped up 15pcnt... In reality, place is worth half the Zestimate with how the bank let it rot for years unconditioned in rust belt. More odd is it outperforms maintained well kept houses somehow.
Anyways, wacky real estate market right now. Cash buyers dream soon.
that's crazy. I wonder what it will actually sell for...
Quote (Bazi @ Jan 27 2023 11:13pm)
Problem with peer to peer lending or business loans is high risk
My brother does this and you need to have reliable clients to offset the ones that go to zero.
Real estate has its own headaches. Tenets can be a fucking nightmare and you don’t always have timeless recourse
why are business loans high risk?
Wouldn't it depend on the business you purchase?
I wouldn't buy anything that isn't cash flowing and has been in business 10 plus years. It should also have an amazing person that runs the business.
If you are getting the loan from a bank they aren't going to let you do a shit deal.