Anyone with money can invest and become a Private Mortgage Investor. It’s easier than you would think. And with the Sonoma County percentile of houses being sold increasing over this past year, it’s a great time to get started!
Sun Pacific Mortgage & Real Estate has dealt with Private Investors for over 20 years and have become known for integrity and honesty. Numerous friendships have been formed not only with Investors but with their Borrowers, due to the smoothest of service to both.
Becoming a Private Investor can earn you upwards of 13% in return by investing in mortgages. And by investing in real estate mortgages your investment is secured. Investing in mortgages isn’t only buying or selling of mortgages at a discount. It includes directly lending your hard money to individuals and securing that loan with a mortgage against their real estate.
As a Private Investor you can set the yield on the promissory note with the interest rate, points and prepayment penalties. Many individuals have started or are continuing as a Private Mortgager Investor as they can secure a consistent monthly income from it. It can be an excellent cash flow for someone retired.
For example, a private investment recently done for an individual to buy a home came to $196,000 with a rate of 12% and the Investor gets a monthly return of $1,960. Homeowner is very happy and intends to refinance down the line for lower rate but gets the home they've been searching for!
They are all private individuals lending their money directly to the borrower with a promissory note with interest rates, points and prepayment penalties the investor sets, and securing that promissory note with a real estate mortgage.
Private Mortgage Investing is ripe. Time to jump on the bandwagon and get a good taste!