HERE IS MY IDEA

[Michael Seutin]

What do you guys think of this plan?
I buy some mailing database of doctors, lawyers... I either email them or mail a postcard to ask them if they would be interested in getting 8% on their money backed by real estate, and set up a website where they can see more details about private lending and do it online. I would also get an attorney to write the contracts and mortgages. Then I would simply use their money to buy rentals for myself and pay them over 10 years or 15 years.
Any suggestions, comments?