How to Become a Private Mortgage Investor Part Three

February 21st, 2008

Second Private Mortgages

When a private mortgage investor finds a second mortgage, he or she should be aware that second Mortgages are often much smaller than the first Mortgages and second Mortgages are often sold at discount. So, as a private mortgage investor, you will get less money from finding second Private Mortgages.

Become a private mortgage investor

When you have found enough private mortgage notes lenders information

When you have found about 20 – 25 private mortgage notes lender information, it is enough to start with and you can leave the Land records office of the county courthouse for the day. At the end of your day research, you will have all the information on prospective private mortgage notes lenders but not their phone numbers.

Find the contact numbers for private mortgage notes lenders

You can look in the white pages and the phone books to find the phone numbers for these prospective private mortgage notes lenders. Or, you can try the Directory Assistance. Some internet websites also help you find phone numbers.

Real Estate Investment