Invest in Rebuilding America
It’s hard to believe right now that there is anything out there that might still be worth investing money in, but I’ve just read a letter from Jim Jameson, CEO of Rebuilding of America and he has some interesting ideas that he has put into play, utilizing the his own experience as well as that of his son.
The main idea of Rebuilding of America is to allow people to make an extremely affordable investment, a minimum of $20 plus a $5 processing fee, which Rebuilding of America will then combine with other investor’s monies and place into FDIC insured Certificates of Deposits. They will then leverage those CD’s into bank loans that will be used to purchase, rehabilitate, modernize or finish foreclosed income producing properties all throughout the USA. These properties vary, but include senior citizen housing that was never completed due to the original construction company going bankrupt. Another example would be a low-income housing project that was under construction when Hurricane Katrina hit and it was then never completed. All projects considered by Rebuilding of America are worthwhile projects that are needed in the communities in which they’re located.
This is certainly a very unique investment opportunity, there is nothing else like it. Investments are placed into secure Certificate’s of Deposit, never at risk, and insured by the FDIC. This sounds to me like a great way to “bail out” many of these projects that are in need of financing in order to be completed without having to look to the federal government for tax payer money. We have the ability to make change on our own and isn’t that what this country is all about?
