- Rental Property Investor
- Columbus OH (columbus, oh)
- Votes |
Should I ask for more? Private Lending Rates and current interest environment.
I have been doing private lending in the Ohio area with a house flipper who is experienced, organized, and trustworthy. I see little risk that he will run into significant difficulties with any of his flips. I have been asking for 10% for the loans so far. Recently, my bank has raised the interest rate it pays on savings accounts from 0.5% to 4%.
I am curious if this is signalling a significant change in the interest environment and if I should consider asking for more.