Rainmaker
948,274
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

No help here. Best wishes

Nov 28, 2020 07:43 AM
Rainmaker
3,889,881
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

No experience with P2P lending!

Nov 28, 2020 04:27 AM
Rainmaker
1,998,766
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

I have always done best by taking my Investors to the Commerical Bank where they have their checking and savings .

Nov 28, 2020 03:10 AM
Rainmaker
810,405
Pete Xavier
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

With so many great investment alternatives, I would never promote P2P Lending as a "good investment" to get into. Illiquidity is just one issue. 

Nov 27, 2020 05:15 PM
Rainmaker
847,170
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I don't what P2P means so, no, I cannot share any personal experience.

Nov 27, 2020 02:20 PM
Rainmaker
796,972
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

No experience with P2P specifically, but as a former banker, I would say it's a risky investment, albeit the interest rates might be enticing. First, "investor" would need to know how to assess credit risk, devise a comprehensive loan agreement (which can be a complicated document with reps, warranties, default clauses, exact dates for various events, etc.), collateral agreements, repayment/collection plans and so on. It's not that simple and unregulated, so very risky for the borrowers as well.

Nov 30, 2020 02:10 PM
Rainmaker
2,966,384
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Parked and Reading. 

Nov 28, 2020 07:46 AM