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- Austin
I’ve been investing in it for a few years. As interest rates dropped I went away from it and started withdrawing,they are higher now and I am rolling back into it. I typically invest in home improvement loans as my assumption is the person probably owns the home.
ShawnI invested with Lending Club for years because Prosper wasn’t taking investors in Iowa. The returns weren’t what I expected and there were a lot of defaults and the results were not very favorable tax wise.
Lending Club shut down their retail loan platform a year or so ago. My current favorite is Groundfloor.
They make hard money loans to investors secured by real estate.
It has a much better repayment rate. Their rates haven’t come up as much as I think they should in the last year.
Explore these too: Is it appropriate to invest 80% of your savings in stocks, funds or real estate after retirement?
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