Private Mortgage Investing is Ripe
Becoming a Private Investor can earn you upwards of 10% in return by investing in mortgages. And by investing in real estate mortgages your investment is secured. Investing in mortgages isn’t only buying or selling of mortgages at a discount. It includes directly lending your private money to individuals and securing that loan with a mortgage against their real estate.
As a Private Investor you can set the yield on the promissory note with the interest rate, points and prepayment penalties. Many individuals have started or are continuing as a Private Mortgager Investor as they can secure a consistent monthly income from it. It can be an excellent cash flow for someone retired.
For example, a private investment recently done for an individual to buy a home came to $65,000 with a rate of 11.5% and the Investor gets a monthly return of $$$$.
A Private Mortgage Investor is also known as a Private Mortgage Lender, a Hard Money Investor, or a Hard Money Lender. They are all private individuals lending their money directly to the borrower with a promissory note with interest rates, points and prepayment penalties the investor sets, and securing that promissory note with a real estate mortgage.
Private Mortgage Investing is ripe. Time to jump on the bandwagon and get a good taste!
Forest Tardibuono is a CA DRE Broker with over 22 years experience in real estate and lending. Contact him at (707) 523-2099. See more details at www.sunpacmortgage.com