Chap
05-26-2005, 02:31 AM
Ok here is the situation my wife has a hard money lender in Texas that she invests with. She lends money for mobile homes and she is a lein holder on the properties. She's getting 15% return. First off does this sound like a sound investment? So far so good it's been 2 yrs and the money keeps coming in. Now second thing is she is doing this with a self directed IRA. Is this a smart thing to do? Her mentor seems to think so. Third thing is she has another HML that she wants to start dealing with but he buys properties all over the place this i am not real sure about. Any input on this would be appreciated.