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.

ASSESS YOUR RISK TOLERANCE
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.

TALK TO THE NOTE HOLDER
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 PAYER
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.

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

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