A trust deed investor is a person seeking a competitive rate of return on their investment. Trust deed investing is the loaning of money with real estate as collateral. Loans are secured by real estate.  A trust deed investor makes a higher interest yield than would typically be obtained by a regular bank and is secured by the borrower’s equity in the real estate transaction.

The Norris Group is actively seeking private money sources with at least $100,000 to start. 

Yes. The Norris Group actively places funds from IRAs, Self Directed IRAs, Roth IRAs and several other retirement accounts. Trust deed investing is a fantastic way to diversify your retirement portfolio and to leverage these types of accounts.

However, please contact your plan representative as all IRAs have different rules and regulations.

The Norris Group only lends on non-owner occupied homes in California. We mainly focus on single family homes and units (1-4 only).

Our 12% trust deed investment with a one year term focuses on single family, non-owner occupied homes that are typically in disrepair and will be fixed and resold to a retail buyer.

Our 9% program trust deed program with an eight year term focuses on single family, non-owner occupied homes that have been fixed and rented by an investor.

Annualized yield will depend on the length of individual investment and the availability of a property for rollover. Some investments last for three months and some last for several years depending on the program you choose.

In our 12% trust deed program, you can typically earn around 8-10% return annually. These loans typically payoff in 6-8 months and the money then becomes available for rollover to another property if available.

In our 9% trust deed program, investors will see a 9% return annually because of the 8 year term on the loan and no rollover.   

The Norris Group does not typically pool funds unless immediate family members get together to invest. The Norris Group places one trustee per investment property giving our trustee more control over their investment.

This is also often referred to as fractionized loans.

Every investment has risk. However, unlike many other investment vehicles, trust deed investing with The Norris Group ensures you own a first trust deed on a specific California property. This means you have ultimate control and a physical asset that can be sold or rented out.

To find out more how the trust deed process works at The Norris Group, click HERE.

The Norris Group has brokered loans from $30,000 to over $1,000,000.  However, our main focus in this market is first time buyer inventory as it makes up the majority of the market. That being said, most of our loans range from the $40,000-$350,000 range.

The Norris Group loans up to 60-65% of the after repaired value of the home. The Norris Group considers everything from property location, repairs needed, to investor experience when determining total loan amount. 

Points are the fees The Norris Group collects for acting as broker in a hard money loan transaction. 

No. The Norris Group only offers first trust deeds on all of our investments as we feel this offers a more secure investment with much lower risk.

The Norris Group charges a 0.5% servicing fee annually on our 12% program.  We charge a .9% servicing annually for our 9% program.

Using a professional broker with an established team to find, structure, buy and help arrange servicing for your trust deed can lower your cost, expand the marketplace for you, lower your risk, save you time, and increase your return tremendously.

There are also usury laws regulating private lending in California that must be taken into consideration.

To read more on usury laws at the California Office of the Attorney General, click HERE

Loan servicing includes the back-office tasks of collecting payments from borrowers, disbursing payments to the investor, mailing required notices and statements, year end tax documents for the IRS and franchise tax board, maintaining adequate borrower insurance coverage, and coordinating foreclosure proceedings if necessary.

Having an excellent team is always important and we suggest you check with your tax advisor, financial or retirement planner, accountant, and/or your attorney.

The California Department of Real Estate has an entire document you can read on the subject HERE.

Private individuals, corporations, pension plans, 401Ks, custodianships, LLCs, retirement funds, IRAs, Roth IRAs, Self-Directed IRAs, and SEP accounts. Some retirement amounts have limits so please check with your custodian or agent.

Yes. Not only do we require fire insurance but we require the investor inform the insurance company that the property is vacant. We require coverage in the amount of the loan or replacement guarantee.

By the time we present the property for funding, we’ve already had an independent appraisal done on the property.  We’ll send to you a copy of that appraisal along with the address for you to view the property.