Arbitrage in private lending

[Jaša Rot]

Hi guys,

my name is Jaša and i have recently read a book about banking that opened not only my eyes regarding financing but my whole brain...

So basically the idea is to become private lender (or trust deed investor). You borrow money for lower interest rate (say 7%) and then lend it out to someone with higher interest rate (12%) = arbitraging 5%

This is absolutely genious! 

Has someone experience with this?

I have found broker who will relay me borrowers' information, so I only need to find someone to borrow for low interest rate from.
Any help will be much appreciated!

Thank you very much

Jaša