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Updated over 5 years ago,

Marcus Brown's profile image
Marcus Brown's profile image
Marcus Brown
  • Investor
  • from Phoenix, AZ
  • Member since Mar 3, 2013
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User Stats

136
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29
Votes
Marcus Brown's profile image
Marcus Brown's profile image
Marcus Brown
  • Investor
  • from Phoenix, AZ
  • Member since Mar 3, 2013
Connect
Marcus Brown
  • Investor
  • Phoenix, AZ
29
Votes |
136
Posts
Private Lending & Conventional Mortgage Advice

Buying junk lots to increase net worth for collateral

Marcus Brown
  • Investor
  • Phoenix, AZ
Posted

I was listening to a podcast a few weeks back, Casual Fridays REI, and they mentioned hearing about a lady who would buy a bunch of cheap/useless lots to increase her net worth and then use them as collateral for loans. Is that really plausible? If so I'll slowly load up on small parcels in the desert.

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