Posted by John Behle on April 11, 2000 at 12:30:25:
When you have learned and are comfortable with the note business, you could secure an equity line of credit (H.E.L.O.C.) loan against your property and begin investing the money at a higher rate in mortgages. Make sure they are safe and secure, but you should easily be able to exceed the rate you borrow at.
As far as the Corvette you could of course sell it or borrow against it. Though old cars are hard to finance, there is a financing market for classic Corvettes. The rates may not be attractive. You could also owner finance the Corvette or see if someone would offer a note or real estate for it. I’ll make you an offer.
As far as understanding the concept of “Equity Arbitrage” a little more, there is a section about financing notes at www.papergame.com/posts1.htm and there is an archived post titled “Financing - Equity Arbitrage” that should help.