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Updated about 7 years ago on . Most recent reply

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John Roeder
  • Investor
  • San Clemente, CA
5
Votes |
40
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How do I make this work?

John Roeder
  • Investor
  • San Clemente, CA
Posted

I have a local credit union that will loan money to me at 2% for a term of up to 20 years. The only caveat is that i have to have an equal amount in an account with them as collateral. I feel like this could be a great opportunity, but I am unable to connect the dots and find a way to use it in my investing. Anyone got any ideas??!! And for clarification if they loan me $100k I need to have $100k in an account with them that I cannot use, since it is collateral.

Most Popular Reply

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548
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270
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Jason Dillard
  • Real Estate Broker
  • Greer, SC
270
Votes |
548
Posts
Jason Dillard
  • Real Estate Broker
  • Greer, SC
Replied
I'll lend you your money back at 1.9%.🤔

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