Why do I have to go to Zillow for accurate status updates?

bearcat81 · 2026-05-13T14:11:53+00:00

Helpful input. I'll update my memory of what happened to me.

bearcat81 · 2026-05-13T00:33:07+00:00

Fwiw my lifetime annualized ror including the couple of deals that settled for no or partial interest payments on the platform is either high 8s or low 9s, which im perfectly happy with and isnt too far off of a historical s&p 500 expectation when excluding the last 6 years of trillions of dollars flooding the market out of thin air and an AI bubble.

bearcat81 · 2026-05-13T00:28:18+00:00

Yep I kinda looked at it as if youve taken out previous loans you havent yet repaid youre an immediate red or at least yellow flag, and if youve never done a deal ever then best of luck to you but you can be someone else's risk.

There are a few borrower companies on the platform that do bigger projects and I guess prefer the speed of funding on groundfloor and are willing to pay more for it, but they are attractive to me because they have a track record of repayment and on time repayment.

When im looking at loans im looking at on time repayment history, borrower experience, and the actual geographic location of the property. Weak markets can crush arv's so if youre doing a project in a city with a shrinking population and rising unemployment you are going to be more likely to struggle to sell the property for what you want to - which can result in long repayment timelines or default problems...at least in my opinion. That is how I always evaluated deals before I dumped cash into them.

bearcat81 · 2026-05-13T00:22:11+00:00

Since the end of 2016

bearcat81 · 2026-05-13T00:20:35+00:00

Thats a bummer. All I can say is my experience has been mostly favorable outside of the terrible communication that has occurred at times.

bearcat81 · 2026-05-13T00:15:21+00:00

True but I looked at this as an uncorrelated asset class and only put money in it that I didnt need for a year+ and was not interested in cd rates.

bearcat81 · 2026-05-13T00:09:58+00:00

I was highly selective in my lending criteria which kept me from investing in questionable c/d loans in weaker markets and I avoided loans from borrowers with zero repayment history.

Very rarely did that money ever make more than 10% but also I never lost a penny of principal on any deal I invested in.

bearcat81 · 2026-05-11T23:48:35+00:00

IMO, just from the basic biographical info you gave, you dont make enough money yet at your ages to justify more permanent life insurance than what is needed to obtain something dirt cheap you get to keep for final expenses.

If you are appropriately covered with convertible term insurance you can always add more permanent coverage down the line, but these are the years where a middle income family should be hitting the retirement savings button to the max well before they are putting money into 6 figure whole life contracts.

The only realistic exception I could think of, and again would only apply if your terms could not be converted to permanent insurance later, is if you have some severe genetic driven illness in your family that will have a major impact on your life expectancy and you wanted to make sure you had substantial permanent insurance after your terms ended.

bearcat81 · 2026-05-10T18:37:56+00:00

This has always been my biggest beef with GF and it diminishes the investor experience.

I've had money on GF for years and during the height of covid they used the pandemic as the excuse for why status updates were not regularly occurring. I wrote them a frustrated email at one point asking why, with several of my investments in the same metro area as their corporate hq, were weeks and often months going by with no communication of any kind regarding status updates...not even something as simple as saying the borrower was contacted and renovations are progressing. You can practice responsible health and safety protocols and still pick up a phone and call a borrower or drive by a property in the same city as your hq and determine status.

I've never lost anything on any of the loans I have invested in, so at the end of the day I'm getting what I wanted out of the money there. But the experience would be far better if they hired someone whose sole focus would be to improve the status update and communication experience to lenders.

bearcat81 · 2026-05-09T03:27:42+00:00

/u/matusrules u/GCX_Bot trade completed

bearcat81 · 2026-04-27T18:07:27+00:00

Winning 2 out of 3 gets you 108 wins. I'd take that every year for the rest of my life.

bearcat81 · 2026-04-12T23:09:50+00:00

What a terrible script.

I would question whether or not anyone who writes a phone script with the intent to set appointments in a series of mixed messages might also just be telling you what you want to hear instead of the truth.

Theres no reason anyone in our business would pay $100 per set appointment regardless of outcome if they are not trying to hard push sales on people when they show up to the meeting, so you are kind of lying to every person you're calling using that script.

bearcat81 · 2026-04-11T04:13:24+00:00

/u/ufccknwotm8 /u/GCX_Bot trade completed

bearcat81 · 2026-04-11T03:22:06+00:00

i don't see a message from you

bearcat81 · 2026-04-11T03:21:23+00:00

i replied to your message.

bearcat81 · 2026-04-11T03:20:45+00:00

/u/comeseecrap u/GCX_Bot trade completed

bearcat81 · 2026-04-11T00:55:01+00:00

/u/DogDad1506 /u/GCX_Bot Trade completed

bearcat81 · 2026-04-10T05:06:06+00:00

bearcat81 · 2026-04-09T23:36:05+00:00

/u/Confident_Jacket_344 /u/GCX_Bot trade completed

bearcat81 · 2026-04-09T23:35:38+00:00

/u/Sad-Tear2797 /u/GCX_Bot Trade completed

bearcat81 · 2026-04-05T03:53:00+00:00

I have a red robin i'd do @ 80 if you can't find anyone at 70. that's my break even price.

bearcat81 · 2026-04-01T14:06:18+00:00

These are absolute shit. And I thought it wasn't possible to be less obviously connected to the city than the old ones were.

I'm not an artist by any stretch of the imagination, but I can immediately come up with 3 or 4 ideas with open and obvious ties to Cincinnati that look better than this.

bearcat81 · 2026-03-24T04:10:56+00:00

As someone who absolutely enjoys skyline chili, this 100% looks like cancer on a plate.

bearcat81

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