You don’t need to be a direct operator of Real Estate to get a great return on your money. You can invest in the secondary mortgage market and get conservative, mid-high teen returns with almost no leverage against single family homes. Bill Bymel, CEO and fund manager of First Lien Capital, invests in pools of mostly non-performing single-family notes at a discount and a conservative loan- to-value of 60%. First Lien owns over 700 mortgages valued at greater than $100 million. They help borrowers get the loans back into performing status and then resells them to other investors.