Thanks for that Halebop.
Like you I started investing around 14 months ago after doing a lot of reading on P2P overseas. I have a strong bias to D and E grade loans. Don't do A and very few B. I am happy to take 60 month loans as indications from overseas suggest that these have a similar default profile to 36 month loans. Also in the long term should reduce the amount of work involved in reinvesting. I generally take 1 or 2 units although initially I took up to 5 as I found it difficult to build the portfolio quickly enough in $25 and $50 lots.
my stats;
$75,000 invested.
1450 loans made
124 loans in arrears,
16 written off.
Annualised 20.6% gross - excluding the effect of compounding interest as I reinvest everything.