Is This a Suitable Investment?
Not everyone is a suitable candidate to invest in first trust deeds from Blackburne & Sons.
Residents of States Other Than California
Because of a wonderful, recent law change (the JOBS Act, 2009), you can now invest small amounts of money in a bunch of different first trust deeds, even if you live outside of California. In plain English, this means that you can now invest $10,000 in a $200,000 little real estate office building loan in Wichita and $30,000 in a $400,000 office building loan in New Jersey.
The only requirement is that you must be an accredited investor.
To be suitable you should have either (1) a net worth, exclusive of home, furnishings, and automobile, of at least $500,000 or (2) a net worth, exclusive of home, furnishings, and automobile, of at least $250,000 and a gross annual income of at least $65,000.
First trust deeds from Blackburne & Sons are not insured by the government in any way. In addition, investing in first trust deeds does involve substantial risks. Please be sure to read the Risk Factors section of the Offering Circular before investing.