[Austin]

I’ve been investing in it for a few years. As interest rates dropped I went away from it and started withdrawing,they are higher now and I am rolling back into it. I typically invest in home improvement loans as my assumption is the person probably owns the home.

[Shawn]

I invested with Lending Club for years because Prosper wasn’t taking investors in Iowa. The returns weren’t what I expected and there were a lot of defaults and the results were not very favorable tax wise.

Lending Club shut down their retail loan platform a year or so ago. My current favorite is Groundfloor.

They make hard money loans to investors secured by real estate.

It has a much better repayment rate. Their rates haven’t come up as much as I think they should in the last year.

Explore these too: Is it appropriate to invest 80% of your savings in stocks, funds or real estate after retirement?

[Author]

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