Woof, Woof, LOL.
I already hold 600K in Peyto, but I paid 1/3 that to acquire it. This loan to trust play is just to change a current RE asset, fully owned, into an investment with cash flow and growth. It's not that unusual or complex, really.
For a loan, at current rates, e.g. 5 year I/O ARM paying 1000 US per month, for 300K, I get 35% growth and a 7% annual distribution, paid monthly. My expectation is that California real estate will back off in 'value' when interest rates climb, after the election.
Those are my expectations.
So, I won't need to do the loan to get growth and distributions, I already enjoy this. I'll do it only if I get the right loan.
As for the cowboy, that's the first geologist to find oil in Alberta. Do yourself a favor, look at the Investor Presentation, can't tell a book by it's cover, LOL.
Judging from your most cursory analysis,I trust that you won't look beyond the cover of the prospectus. If that were to happen, you wouldn't have much to say.
Good luck with whatever you put your money into.
Talk to you next year.
James |
