Why would an investor be willing to pay such high returns?
There has never been a better time to buy houses. There are many deals available, and the availability of the short term capital was more important than the cost. I needed to move quickly to purchase from sellers who are willing to happily and eagerly give me equity in homes for FREE in exchange for peace of mind or debt relief and I didn’t have time to go through banks because the process just takes too long. Also, since I am buying properties with large amounts of equity in them, it allows me to give away a portion of my profits back to you through repaying the original loan amount plus a generous interest on top of it. By using private lenders we can also hold our properties over a year, making our taxes much, much less. By the way, if you use a credit card, pull it out and look at the interest rate you pay. Every time you use it, you’re putting the availability of the funds ahead of the short term cost just like I do when I buy and sell houses.
