Posted by Jason (AL) on April 23, 2007 at 18:43:11:
…but here is a comparison of the 2, found in How To Make Money With Real Estate & Paper booklet that comes with Michael’s course:
Discounted Paper | Hard Money Loans
Track Record: Yes | No
Equity Build-Up: Yes | No
Prop. Appreciation: Yes | No
Low interest rates: Probably | Market
High yields: Market | Market
Cash invested: 35-70% | up to 105%
Availability: Less | Yes
Profitability: Yes | Market
Usury Laws: No | Yes
Guarantor parties: Signers+sellers | Signers
Properties secure note: Often 2 | One
Payors used to making Yes | Not yet
Maybe this’ll help ya.
Hope you enjoy.
I know I do.