I just heard of someone doing this in Argentina but would be interested in seeing if anyone has done this in the Dominican Republic, and if yes, what the results were.
Since interest rates are so low in the US my friend borrowed at "prime rate" in the US and invested the money at double digit rates in Argentina making a monthly handsome profit. When I asked about the risk, he said he diversified the risk thru several institutions. He said his US loan is interest only, so he is able to make a nice income and service the loan.
Has anyone done this in the DR?
Since interest rates are so low in the US my friend borrowed at "prime rate" in the US and invested the money at double digit rates in Argentina making a monthly handsome profit. When I asked about the risk, he said he diversified the risk thru several institutions. He said his US loan is interest only, so he is able to make a nice income and service the loan.
Has anyone done this in the DR?
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