View Single Post
Old 02-22-2006, 07:14 AM  
shuki
Confirmed User
 
Join Date: Aug 2004
Location: Boston
Posts: 3,070
Quote:
Originally Posted by Sarah - GTS
You could invest the money in second mortgages. The interest rates are usually 13%-20% (depending on the risk of the deal) but the beautiful thing is they are secured by a building, so if the borrower defaults you have a very good chance of owning the building (you can offer to buy out the first mortgage, then sell the building), PLUS you can charge high lenders fees, i.e. $2000-$5000 per deal
Do you have a good resource site that has info on this?
__________________
Looking to buy established paysites contact me [email protected]
shuki is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote