But the question I find myself asking in this circumstance is, why would I spend the time and effort to find someone else a killer deal for 10K, when I can try to wholesale a deal for myself? 

The distinction between NewCo and traditional brokerages is that agents would be paid hourly, not by commission.

Like most things in real estate, a lot depends on the circumstances of the individuals involved and not just the numbers and figures.I hope this helps explain my thoughts, and I apologize for the lack of clarity when I defined "arbitrage".

Also, monitor current mortgage rates, as high rates can significantly impact your monthly payments.Your personal circumstances are also important.

Under what circumstances? 

Then I see what they say.Normally two circumstances:1. 

If the circumstances don't match what the borrower is claiming, the loan will likely be denied.

So not so much different with CD or a bond ETF (6-7%).What we don't understand is why ; such real estate note issuer should collaborate with infamous-and-well-known serial-scammer ( that's very transparent and well documented that they are a fraudulent ).Usually in this circumstance, there may be some additional kickback / commision system that's we don't understood.But a business tha's promising 25% is 100% guaranteed to fail.

We had a distinct advantage over the one off buyer our title company at the time and their underwriter Fidelity WOULD issue us title insurance upon receipt and redecoration of the Tax Collectors Deed..

However, as I always say in such circumstances, we're entitled to our own opinion but not to our own facts.