- Trust Deed Investing
If you’re thinking about making the move into investing in trust deeds then now is definitely the time to make this happen. Trust deed investing is a wonderful way to make that extra cash you’ve been looking for. While investing in trust deeds is similar to having another mortgage, it is different because there are three elements of a trust deed investment that mortgages just don’t have and those 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. Remember though that in a trust deed investment, if the borrower does in fact default then trustee takes back the mortgaged property.
Here’s the thing, if you are going to be investing in trust deeds, then you don’t want to buy don’t a note for something you would never actually want to own yourself all things said and done. We believe that collecting properties you don’t actually like isn’t the greatest idea so you don’t want to find yourself tied down to something you don’t actually like. Consider that when you begin your search for trust deed investments. Make sure you are making the correct choice when it comes down to it.
Furthermore, don’t forget you have many options. Ask your mortgage loan broker about non-performing notes for sale since these are often sold at a major discount. However, there are many people who do not know non-performing notes for sale even exist. Get out there and grab them for great deals.
Keep these things in mind before you start with your trust deed investment. You won’t believe how these can change your life if you just dig in and explore the possibilities.
- Big Daddy Dennis Hard Money Lender
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