|
|
Private Mortgage
|
Earn 10% On Your Money With A Private Mortgage Secured By
Real Estate
Private mortgages offer a great return to private investors
that are
looking to get more return on their money than they can in
other
investments such as CD’s, bonds and the stock market.
Investing in a
private mortgage offers a seure and consistent monthly
income payment
and is a very safe investment.
Consider that all bank loan money at 80% of the value of the
property.
If you as a private lender loan money at 65% of the value of
the
property then your investment is substantially more secure.
If you would
like to earn money from investing in private mortgages
please review
the information below.
What kind of return does a private
mortgage
offer?
We pay a fixed interest rate of 10% interest. All interest
payments are
paid monthly and are automatically mailed to you directly
from our bank.
What is the minimum investment?
The minimum investment is $25,000.
What is my security collateral?
The property is your collateral. You are secured by a
recorded first
mortgage on the property. As a private lender you will get
the following
documents which will be prepared and reviewed by our
attorney (we pay
all costs).
• First mortgage recorded at the court house against the
property
• Promissory note for the amount that you loan plus all
terms such as
interest rate, terms etc.
• You will be listed as a mortgagee on the insurance policy
• Lenders Title Insurance Policy
What is the loan to value (LTV)
ratio?
You will lend no more than 65% of the after repair value
(ARV)
Example:
Assume a house is worth $100,000 and is in move in
condition. As the
lender, you agree to loan $65,000 which is 65% LTV. We pay
you 10%
interest on the $65,000 which is $6,500 per year. We pay
monthly
interest payments. In this example $6,500 divided by 12
results in a
payment of $541.67 per month.
What kind of properties do we buy?
We only buy single family homes. We do not buy condos,
duplexes,
triplexes, multi family or land. We only buy single family
homes that
make good rental properties. Your investment will be secured
by a single
family home.
Do we pool funds?
No, we never pool funds. Your investment is secured by one
property. We
only have one investor per property. We NEVER pool funds.
You receive a
first mortgage on the property and you will be listed as a
lender in
public records and on the mortgage and promissory note. If
you would
like to loan on more than one property then you will have a
separate
mortgage and promissory note for each property.
What is the term of the private
mortgage?
Typically our private mortgages are 24 months or 36 months.
We can
extend up to 60 months.
Do you send the money directly to
us?
No, you will be wiring your money directly to our title
company
(Independence Title) or our attorney.
Can you use your own attorney?
Absolutely, we will pay all attorneys fees to have your
attorney draw up
the mortgage and promissory note and we can also have your
attorney
handle the closing.
Where are the properties located?
The single family homes that we purchase are located in
Milwauke metro are. Most of the houses that we specialize
in are entry level first time home buyer homes. These homes
typically
sell for between $30,000 and $150,000 depending on the area.
How do I get started?
If you have any questions about our private mortgage program
please call
Robert at 262-617-2043 or email
RobertKochanski@PropertyMatchMakers.net
Or you can fill out contact me form below and I'll contact you within 24 hours.
|
|