Help From Experienced Note Investor
could someone please give me a general ideas of the pros and cons of investing in real estate notes?
could someone please give me a general ideas of the pros and cons of investing in real estate notes?
Pro: Excellent cash flow each month. There is not usually a high amount of individual maintainence to conduct in the way of collecting payments. Obviously, some people are higher credit risks than others, which is usually priced into the note itself.`
Con: You may wind up foreclosing on a property for a number of reasons (non-payment, not keeping insurance current, etc.), in which case you have to know the laws and procedures for that state. BTW - if you invest in a mobile home note, value it for the land, not the home, particularly if it is not on a foundation. If you feel like asking questions, please see my profile and give me a call or e-mail me directly.