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
The content of this blog contains general advice only and does not consider individual financial circumstances, desired loan amounts or existing real estate or lending transactions. This information is intended for licensed Real Estate Agents and licensed Lenders/Mortgage Brokers and is posted on our company website and specific blog sites with the express purpose of reaching such licensed individuals.