So, you want to be a trust deed investor and earn double digit returns? Let's see what I can tell you about investing in trust deeds in 3-4 paragraphs. a more detailed explanation can be found here.
A trust deed is what we call a deed of trust or mortgage in California. When you "invest" in a trust deed, you are the bank (or the lender). We usually get you rates of 10-14% and 1-2 points on the deal. Most loans are short-term in nature and have a term of one to five years, The average loan we make is paid off in less than eighteen months. The rate and points you make usually yield you a 11-16% return on your money. You can invest through your self-directed IRA.
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