Lend to a Flip or Mortgage Note from my SDIRA?
I have a promissory note on my SDIRA that's maturing on the 25th. It's invested on a flipping company in Florida for 11 percent interest. My question is what do you think is a better investment, a flip company or a mortgage note? I met somebody here in BP who does mortgage notes and he has opportunities for me to partner with him. He does all the DD and servicing while I fund the note 100 %, with 15 % interest. Do you think it's wise to just renew the promissory note or invest that money into a new strategy like a mortgage note?