5 Ultimate Tips to Invest in Non Performing Note Sale / Purchase

Investing in non-performing note sale / purchase is all the rage these days. But before you take the plunge, there are a few things you should know. The leading mortgage brokers in California, BGK Investments, share the best tips on how to invest in non-performing note sale / purchase.

Are you a seasoned investor or a first time buyer? To begin with, it would be better to go with first lien performing notes on residential properties with good equity. To know which non-performing note sale / purchase deals are good for you; seek help from the top California mortgage brokers, BGK Investments.

Get in touch with the current note holder and find out why s/he is selling the note. Understanding that can provide valuable insight into the non-performing note sale / purchase deal and due diligence.

Talk to the homeowners or the person making the payments each month will reveal the truth about the property. They may be thinking of refinancing or may have stopped making payments for a long time. It is better to know such things so that you know what you are getting into before investing in non-performing note sale / purchase.

Sellers may not give you all the facts, by omission or by design. Verify everything from taxes, insurance, payment history, property value, and terms to name a few. Due diligence may be boring but ensures a healthy investment.

Get advice from competent, experienced mortgage brokers, such as BGK Investments in California before you write the check.

4 Things You Must Look For in a Rental Property Investment

No two real estate investments are similar. With a rental property, you are aiming to make an addition to your long term portfolio. This starts with going for the right investment properties in California, an understanding of the local market and where it may be headed. Experienced real estate investment brokers in California, BGK Investments, here share the 4 most important things you must look for in a rental property purchase.

With a rental property, the market is critical. Most tenants lay emphasis on location more than the amenities offered. Before you purchase your rental investment properties in California, you need to have a look at the market and its potential. Find out about the neighborhood, local school systems, unemployment rates, foreclosures, crime statistics, new housing permits and everything else that may matter to someone who chooses to live there. For example, major corporate area laying employees off is not a good sign for your rental real estate investments.

Before you decide to buy certain investment properties in California, get a grip on the numbers that will directly impact your investment. It begins with your purchase price. You should negotiate hard since the purchase price will directly affect the monthly cash flow. Then you need to know all of the costs – interest, taxes, insurance, utility costs, property management fees, maintenance costs, lawn care, snow removal and much more. And then calculate your projected rental price. It is advisable to keep the estimate conservative. The leading real estate investments brokers in California, BGK Investments, can help with number crunching.

You need to find out about other rental properties, what they offer and how it compares with your property. All things being equal, renters will look at the property they feel the most comfortable in. All of this will affect how much rent you can charge and the return on your real estate investments in California.

You want to own properties that bring you good returns. Is driveway and street parking limited? Is there a major college or university nearby? If you are going to have to deal with a recurring issue, is it worth the return? Before you say yes to any investment properties in California property you need to take a look at the risks with respect to a conservative estimate of returns.

Many investors are riding a near all-time high of rental investment properties California. But before you make your next real estate investments in California, you should keep these four areas in mind.

Selling Mortgage Notes – 3 Things No One Would Tell You

Selling mortgage notes could allow you to buy a bigger house, pay for unexpected medical expenses, pay your kid’s college tuition, or even take a dream vacation, says Ben Keisari, founder of BGK Investments, the leading note experts in California. Many people go for selling mortgage notes for the following reasons –

You need quick cash from your equity to meet urgent or immediate financial needs, such as unforeseen medical expenses. Selling mortgage notes allows you to release equity that can reduce your financial burden. Get funding for your urgent cash requirements from selling mortgage notes hassle free with BGK Investments California.

If the interest rate is low, it may make sense selling mortgage notes. During low interest rates, the value of the equity is stronger. But the interest rate will not remain low forever and then the value of your note will decrease again. So selling mortgage notes makes sense when it would fetch you a higher price, in a low interest rate environment. If you’d prefer to wait and see if interest rates fall even further, you can simply sell a part of the note.

Even if the mortgage note is not doing well, it is possible to sell the note and get a high value for it. BGK Investments can help you in such cases selling mortgage notes in California.

Expert broker firms, such as Ben Keisari led BGK Investments, can give you an estimate of how much cash you can expect to get and then once the true value of the mortgage is ascertained, you can choose to go ahead with the sale. Once you have access to the funds you require, you can use that money in any way you like.