Re: High Fliers - Posted by David Butler
Posted by David Butler on April 08, 2006 at 17:43:37:
Yes it is… as has been discussed here in many previous threads. You’ll also find some pointed discussion about how those types of yields are obtained.
Here’s a couple of helpful one’s I pulled up using “yield expectations” as my keywords in the search engine at the top of this forum.
Buyer’s: What would the perfect MH note look like?
Top To Bottom!
You’ll also find a wealth of related discussion using “best yields” as your keywords, and some particularly instructive discussion by John Behle in a number of those posts. You’ll also pump into some others along the way that outline some very good “outlines”. I just can’t think of keywords that will pull those up at this point in time.
Keep in mind that the note business, particularly in the prime SFR real estate notes, has become much more competitive over the past five years, so we are often taking on riskier notes to consistently achieve these higher yields. That often includes MH paper that you are asking about (also discussed at great length in existing discussion here); some types of 2nd position paper (also discussed at great length); and business notes (and those are discussed previously here too!:-)… )
Hope this helps get you started up, and Many Happy Returns!
David P. Butler
That equates to more time “managing” the paper than would ordinarily be expected of more passive types of investments.