Wendy Sweet and Bill Fairman discuss their ideal investor. Who is the perfect lender for their funds?
"Accredited investors" means they have a 1,000,000 net worth, not including your primary residence or they make $200K a year.
Just because you earn that amount, it does not mean you are ideal for this fund.
The other side of the equation is you have to let go of control. It is passive income. That means the investor just wants to get a good return, compounding over time, without the headaches of all the work that goes into it.
Some personality types do not fit into the program (Control Freak).
The ideal fund investor has $3 million. The minimum investment is $50K. Bill and Wendy do not want you to be putting your last $100K into their Hard Money fund.
Their mortgage-based fund is a great opportunity for Roth, IRA's and other tax deferring vehicles.
"Lend out of your IRA. Defer the Tax." ~ Wendy Sweet
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