From: jrf30@aol.com (JRF30)
Newsgroups: misc.invest.real-estate
Date: 19 Oct 2003 14:06:18 GMT
Subject: Re: Pay off the mortgage?

>Yes, that sounds very nice. But I wonder how many people with just one house
>and one mortgage could operate in that way. I believe most people would have
>a hard time finding a safe investment that would pay more than their current
mortgage even if they had the time to look. 

Every single person could get a HELOC on their existing single primary house
and buy a mortgage in a safe situaiton or buy tazx liens.

WHy is is "hard" to do that?  Only buy tax liens on good houses, not on small
raw land.  That is not hard to do.  I would answr the question you ask wit ht
he word "everyone".  Not everyone could find a real estate deal to make a large
profit. B ut, all could use the spread.  I have investors that I have helped
buy tax liens and mortgages.  If they buy the mortgages I help put together, I
sell them to them with recourse, giving them basically zero risk and a 10%
yield.  Everyone could do that.

John