Trust Deeds
Has anyone had experience investing in trust deeds secured by real estate? If so can you share your thoughts. Thxs
Has anyone had experience investing in trust deeds secured by real estate? If so can you share your thoughts. Thxs
Yes I have.
A Trust Deed is as you know a Mortgage but instead of two parties there are three.
Sometimes in transaction there is not enough money to pay everybody so a Deed of Trust is recorded against the property and it secures a Note which spells out how much money, what payments, what interest and who are the parties involved.
You can create them by lending money. or you can get involved by buying them by assignment if they already exist. Such buys are usualy made at a discount so that way you make even more money then the stated interest rate.
I could rave on for hours but if interested in more info just post for it and I will really get carried away.
Cheers Lucius
Sure, lots of us buy RE notes (secured by trust deeds or mortgages).
While this is and has been a great business for generations, at the rate Dalby et al are churning out new "note brokers" through their late nite infomercials, there are lots more brokers than notes these days.
Interested in all info you can supply re trust deeds. Thxs!