Miramontes Capital's Sid Miramontes shares his thoughts on real estate lending

The stock market is off to a roaring start in 2018, but there’s no shortage of investment gurus who warn that continued equities growth is far from guaranteed. One of these gurus is Sid Miramontes, founder and CEO of Irvine, Calif.-based Miramontes Capital, which has more than $250 million in assets under management.
“Investing a percentage of a retirees funds in real estate flipping would be considered an aggressive investment,” said Miramontes.
Even though the investor would not directly manage the real estate project, he or she has to understand the risks involved in funding the project, material costs, project completion time, the current interest rate environment, where the properties are located geographically and the state of the economy, he said.
Read the full article: Investors ‘Flocking In to Real Estate Lending (InsuranceNewsNet)