- Investing in Trust Deeds
So you’ve decided to start looking into investing in trust deeds and we think that’s a great idea because Trust deed investment is a wonderful thing you can do to bring you some money. You might think that trust deed investing is very close to a mortgage and you’re not wrong, it’s just that it does differ slightly in a few ways. For example, with trust deed investing there are three important people in the process and they are the borrower or the trustor, the lender or the beneficiary, and the trustee. The Trustee is the person who actually purchases the property and in the end, if the trustee is paid as promised, then they won’t have any claim to the property. However, in a trust deed investment, if the borrower defaults, then trustee takes back the mortgaged property.
Investing in trust deeds
Start that walk onto the investing in trust deeds side! There’s plenty to see here and lots of properties to keep you occupied. However, it might be smart to set up some rules so that you can keep yourself and your properties in balance. We suggest that you should never ever considering buying a note for a property that you wouldn’t want to eventually own. Think of it this way; you wouldn’t consider eating a food you don’t like. Why would you buy a property you don’t like? Collecting properties isn’t a great idea if it doesn’t work for you. So really think about this before you begin your trust deed investment.
Investing in Non-Performing Notes
Investing in trust deeds is great but you also must consider looking into non-performing notes for sale since they are often sold at a major discount.
Non-performing notes for sale shouldn’t scare you. They’re just another name for ‘secured debts’ and they can actually bring in a lot of money for you.
- Big Daddy Dennis Hard Money Lender
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