Does anyone have any personal experience with P2P Lending from the Investing side? What are your Favorites which ones would you Avoid? Thanks

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Dave Martin (703) 585-4687, Making Realty Dreams a Reality #WeWillGetYouHome (Fairfax Realty)

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Doug Dawes

Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA

Your Personal Realtor®

No help here. Best wishes

Nov 28, 2020 07:43 AM

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Pete Xavier

Pacific Palisades, CA
Kathleen Daniels, Prob...

San Jose, CA

Rainmaker
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Wayne Martin

Wayne M Martin - Chicago, IL

Real Estate Broker - Retired

No experience with P2P lending!

Nov 28, 2020 04:27 AM

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Kathleen Daniels, Prob...

San Jose, CA
Doug Dawes

Topsfield, MA

Rainmaker
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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

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Kathleen Daniels, Prob...

San Jose, CA
Doug Dawes

Topsfield, MA

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957,092

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

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Kathleen Daniels, Prob...

San Jose, CA
Doug Dawes

Topsfield, MA

Rainmaker
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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

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Kathleen Daniels, Prob...

San Jose, CA
Doug Dawes

Topsfield, MA

Rainmaker
902,388

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

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Pete Xavier

Pacific Palisades, CA

Ambassador
3,350,439

Kathleen Daniels, Probate & Trust Specialist

KD Realty - 408.972.1822 - San Jose, CA

Probate Real Estate Services

Parked and Reading.

Nov 28, 2020 07:46 AM

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Pete Xavier

Pacific Palisades, CA

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I have always done best by taking my Investors to the Commerical Bank where they have their checking and savings .
With so many great investment alternatives, I would never promote P2P Lending as a "good investment" to get into. Illiquidity is just one issue.
I don't what P2P means so, no, I cannot share any personal experience.
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.