There is a small co in north carolina that buys a bunch of first mortgages at a discount and sells them at a higher price. As an investor I am given a high return for this. Seems too good to be true
2006-09-21 12:52:31 · 5 answers · asked by artguy90291 2 in Business & Finance ➔ Investing
the only 15+% I am seeing now are small loans through
PROSPER.com
it is a peer to peer mico-loans that are made
you would to see it to understand it more
the owner of E-Loan started this
2006-09-21 13:20:15 · answer #1 · answered by Scanless1999 3 · 0⤊ 0⤋
I could offer you 12% (Annual Rate) and I have millions.
60% (Annual Rate) Seems to high for me and certainly you would not make that kind of money buying mortgages at a discount.
Maybe a Billion Dollar Casino or a Billion Dollar Skycraper could offer you those returns but mortgages seems like a scam.
Top 6 Answerer in this category.
2006-09-22 11:42:16 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You want KY with that? Yes - it is too good to be true. Even if these folks could pull it off, they'd keep all of a sweet deal like that to themselves. They'll say they need the capital to keep going, but your capital is what they are after.
2006-09-21 12:54:44 · answer #3 · answered by larry n 4 · 1⤊ 0⤋
Hmm? Not worth the risk! Remember, risk goes with reward.
2006-09-21 12:56:33 · answer #4 · answered by Tom Cat 4 · 0⤊ 0⤋
Listen to Larry N.
If it sounds too good to be true - it is.
2006-09-21 12:57:34 · answer #5 · answered by justwondering 6 · 0⤊ 0⤋