[villages07]

Originally Posted by retiredwineladys

The interest rate on my bond is almost 7%. I am wondering how I can purchase the bonds when they become available since that is a very high interest rate for something that has no risk whatsoever. Has anyone looked into this?

I have bought CDD 5, 6, and 7 infrastructure, tax free bonds on the resale market. Institutional investors get first dibs in big dollar blocks when the bonds are first issued. They have been a good, safe investment. Some bonds do get retired as folks pay them off. Other complete issues have been called when the CDD determined that rates had dropped enough to justify refinancing.

FMS Bonds out of South Florida handles a lot of resales.

Unfortunately, last time I inquired about resales on the 7% CDD 9 and 10, I was told they sell at a 116 price premium that brings the effective yield below 5%.

These are the residential infrastructure bonds...they are tax free and not part of the IRS inquiry.