- Non-performing notes
Purchasing non-performing notes for sale is actually one of the best ways you can make money. Think about it, make the trust deed investment a performing note (in the end) that can ultimately be sold for two times what you paid. Everybody likes the word ‘profit,’ and you’ll be hearing it a lot when it comes to purchasing non-performing notes for sale.
Non-performing notes for sale can of course seem like a crazy idea. It seems maybe a little out there to purchase an account where collecting the mortgage has been unsuccessful up until the time of the sale. However, don’t let this put you off because non-performing notes for sales are extremely easy to purchase because many lenders are willing to sell non-performing notes at a loss. This is fantastic for the buyer who is looking for a great deal.
The risk isn’t as crazy as you think it is. The good thing to remember is that even if the loan fails to fix the performance of the Non-performing notes for sale, the non-performing notes for sale are actually secured debts so whoever the owner of the note is will still entitled to the property. This can be a great alternative to foreclosure auctions, which can sometimes be very intense.
Talk to a trusted loan broker in your area to find the non-performing notes for sale that you can buy. Once you take a quick gander at the mortgage agreements, you’ll see what you’re up against. In the end, you’ll see that non-performing notes for sale are among the easiest way to make money.
In the end, you will be happy that you took a chance on the non-performing notes for sale, because chances are, they performed for you.
- Big Daddy Dennis Hard Money Lender
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