Do you know how to make money selling and buying mortgage notes in California? Buying mortgage notes in California is a great way to invest in real estate. BGK Investments, the top mortgage brokers in California, share how you can earn money buying mortgage notes in California on non-performing loans.
Buying mortgage notes in California opens several options you can make money in. Since it is a non-performing mortgage, you will be buying mortgage notes in California at a lower price than what the property is worth. If the existing homeowners want to stay, but cannot afford the payments and are fine with a loan worth the house’s present value at a mutually decided interest, you lower their payments to what they homeowners can afford. Once they make three months’ worth of payments, they can refinance under HAFA at an even lower rate. In that case, you get your note paid off at present value which is more than what you paid while buying it and make a profit. To get great deals at buying mortgage notes in California, call BGK Investments in California, the leading real estate investments firm.
Long term hold on a non-performing note
Another way to make money on buying mortgage notes in California is to make them a performing note with a modification as described above and then hold the note. The homeowners will make their payments to you as long as they own the home. A performing note is much more valuable and you can sell it for a higher amount and make money. To understand further how to make money buying mortgage notes in California, seek the best investments firm, BGK Investments.
Short sale on a non-performing note
Upon buying mortgage notes in California, if the borrower wants out of the house, a short sale is the best option. Due to the low cost of the note, you would make a nice profit even after paying all the costs.
To get the best offers for buying mortgage notes in California, call mortgage experts, BGK Investments at 888-335-3139.