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brick1972 t1_j28mavf wrote

Commenting for two reasons, neither of which answer your question sorry

  1. I want to see what others say

  2. Frankly this post throws a lot of red flags that this is a scam or pyramid or similar - but you don't have to convince me otherwise. I just hope you've done your diligence.

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EschewObfuscation21 t1_j28ukyk wrote

No, pretty confident it’s not a scam. Private placements of notes like this that have not been registered under the securities laws and only available to accredited investors happen all the time. My investment would be protected by a lien against the property that would only be subordinate to the mortgage. Appreciate the thoughts though.

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ThrillaMilla32 t1_j2bfln9 wrote

I thought the same time too!

Give a taste of the returns (Bait), but it's a better return over in this deal (hook). Then the broker lives the life and pays you back with the next guy's money.

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