02/10/2022
Something to think about.
Be the bank! Just like with peer-to-peer lending, Mortgage Notes are an income stream that offer you the ability to reap the same benefits that banks do. When buying a mortgage note, you are basically becoming someone’s mortgage lender.
Mortgage notes are a more passive way of investing in real estate because you don’t have to actually go through the process of buying a property – or be a landlord. You receive a monthly payment of principal and interest – and if the borrower defaults, the property is yours.
It’s important to consider the type of loan, lien position, the asset class and the loan performance when evaluating mortgage notes to invest in. But if you do your research, mortgage notes are a great vehicle to building wealth!
Have you ever looked into Mortgage Notes?