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With all Due respect to everyone.....YOU are all a bit off.
First off 1st trust deeds invested correctly thru Bankers are not investing into mortgages and or single family dwellings anyone knows that, Bankers DO not take such risks.
It’s all in Raw land which is much less risk then anything such as homes or family residences of such.
Secondly, the Us economy is not at 7-8% inflation at all. Once again false Information being circulated throughout cyber world.
Third, at 500 grand at 12% yearly in the BIG world of investing really isn’t that much Banks have been using investment Instruments for years and years and gaining over 20-40% ROI"s,, Such as short notes Forex trading
You think the wealthy get wealthy on 5-7% yearly hahahahahahaha.
In the western, southern western parts of the USA Growth is going to be at an all time High for decades to come if not infinity, Where do you think all the Illegal”s are going to live????
Its funny everyone thinks the USA is going to go broke YEH RIGHT ,,,I have been hearing that BS for years WE are still the wealthiest country on the face of the planet and most likely will be, far past anyone of us outliving that phase in time.
You think Uncle Sam is going to let US grow broke so fast don’t think CNN is telling you anything that is worth merit.
The upper 3-5% of the countries wealthiest IS not going to let everything go to shit esp in raw; land holding and developments.
What a lot of you fail to realize is that people need to live somewhere and growth is going to continue until the end of time.
Example
They are building in Israel right now all over, and there is a WAR going on that doesn’t stop anyone.
In Las Vegas alone over the last 20 years we have seen 1000% growth and land values going bonkers with nothing ending in sight.
Let’s talk about Utah AZ New Mexico and ETC these states are just in the infancy stages of growth.
Land real estate Growth and need for monies will be around until the day the Planet STOPS........
Once again with all DUE RESPECT, Do your homework.
AS far as any one company going under yes it can happen however once again How was the company set up??? And who was writing the notes and how were they written and was 3rd parties involved in servicing the notes.
IN THE LAST 100 YEARS IN THE USA RAW LAND HAS HELD ITS VALUE AND THEN SOME.
That is A Fact.............................
Trust deeds based on RAW LAND is the only way to go ...............................If the borrower defaults FINE with me I would prefer that as now WE HAVE more equity in it and can resell 2-3 times more ESP if the original loan is half way paid down.
Most guys who retire in Thailand and or Philippines DO NOT buy anything to begin with 75% rent why buy?
TALK about taking a risk, Hmmm let me buy something in a country where the Government can change up overnight on me, Great sleep at night for me.
Once again the misconception of 1st Trust deeds this is the perfect example of why folks lose money NO Homework or Due diligence done.
I find it hard to believe that there are many on THIS Board that have 5-7 grand a month coming in as passive income, Not saying its not out there but FAR AND FEW Between’s with replies as such Shows me Your knowledge on investment is very Low.
Let’s not forget the fact that when you invest in a 1st trust deed company they have many LTV "s you can get into Never put all of your money in 1 loan.
Not to mention if you are privy to the Original loan and who is behind it as any Such Upfront 1st trust deed would show you Your chances of default are Limited No more then any Investment Currently going Exception Gold /Silver which will stay Hot for at least another 24-36 months.
USA was built on Real estate holding’s DO you think wealthy lost everything in the great depression????? Hell no they got Richer ...............
There are numerous companies in the USA that have been in business for 20-40 years + that have Awesome track records on trust deeds.
BUT then again what do I know.....Invest with Smith and Barney and get 6 % a year and be like everyone else.
In closing
1st trust deed investing is like anything else do your homework and team up with the correct company in the correct environment and your risk to reward will be NO Different then any other type of investing if anything less.
Once again on the Western region of the USA you could place money forever and stay well ahead of the game.
Example the state of Arizona has more raw land and more growth expansions coming up over the next 20 years it’s unbelievable to say the least.
Life is about choices and Risk.
Either you are in the game or sitting on the porch.
Porch is a great place to sit on and grow old and die. I prefer the Action of life much more rewarding then reading a paper and talking about how I could of should of and would of.
Mrstein
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