10-17-2003, 05:12 AM
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Confirmed User
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Join Date: Jan 2002
Location: AdultWebmasterInfo
Posts: 2,353
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Quote:
Originally posted by Diamond Jim
Ya lost me....
Equity is net worth....pointless in the conversation at hand. 5 mil means 5 mil that is in play in some way, but available. In real estate foreclosures, for example, you could have 5 mil in a group of properties waiting them to close (30-120 day window). Assuming you did your homework, that money is as safe as in any bank, but is yielding 70-100% annual returns and not 4%. In MY opinion, that is still hard cash....other opinions may differ...
Of course, this is all theory....I took out a loan for the bar tab tonight.....
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diddo
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