RE: Advise

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	Posted By		Charles Parrish On: 2/21/2010 8:47:46 PM
	Subject		RE: Advise
	Message		All you want to do is make money, right? You should get yourself a license as agent loan broker. This will keep you out of trouble and you will learn the business from professionals. How much did you expect to make on a little loan like $10,000, it is hardly worth it. You might want to think bigger. Try this, create a credit line of about $100,000 and loan out your own money, charge points, get additional colleteral, co-signer and finger prints to secure faithfull pay back. You get the spread. If your line is 5% and you loan at 12% you are making 7% on your OPM. Not bad! Better still, run this ad "Wanted real estate partners, you got the r/e and I got the money! Use your equity line. Or partner with those seeking a loan. Wishing you good luck. Charlie

Full Thread

Advise - Dan Petts 2/9/2010 4:28:45 AM

RE: Advise - PS Projects 2/10/2010 8:12:51 AM

RE: Advise - Dan Petts 2/11/2010 8:41:36 AM

RE: Advise - Charles Parrish 2/21/2010 8:47:46 PM



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