Investor looking to buy notes at 12-15 % return quarterly. Is this possible or a scam?

There is a small co in north carolina that buys a bunch of first mortgages at a discount and sells them at a higher price. As an investor I am given a high return for this. Seems too good to be true

the only 15+% I am seeing now are small loans through
PROSPER.com
it is a peer to peer mico-loans that are made
you would to see it to understand it more
the owner of E-Loan started this

You want KY with that? Yes - it is too good to be true. Even if these folks could pull it off, they'd keep all of a sweet deal like that to themselves. They'll say they need the capital to keep going, but your capital is what they are after.

Hmm? Not worth the risk! Remember, risk goes with reward.

Listen to Larry N.
If it sounds too good to be true - it is.

I could offer you 12% (Annual Rate) and I have millions.

60% (Annual Rate) Seems to high for me and certainly you would not make that kind of money buying mortgages at a discount.

Maybe a Billion Dollar Casino or a Billion Dollar Skycraper could offer you those returns but mortgages seems like a scam.

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