Cards = Investments

[Jlighter]

I was reading an article where people put up expensive artwork as collateral for a mortgage. I wonder if the same could be done with vintage Baseball cards?

[Leon]

Originally Posted by Jlighter

I was reading an article where people put up expensive artwork as collateral for a mortgage. I wonder if the same could be done with vintage Baseball cards?

I took out an SBA loan for a little over a half a million dollars nine years ago (paid back last year). I scheduled my cards, on the loan, as assets. They were used in the equations. They weren't collateral but they were listed as assets and were taken into account.