Real Estate Investment

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When you find a private mortgage lender willing to sell his/her private mortgage notes, you can make lots of easy money. Below is a guideline of what you should do when you found a private mortgage lender willing to sell or negotiate the sale of his/her notes.

Sealing the deal with private mortgage lender

If the private mortgage notes lender says yes to the proposal, the investor should do the following.

• Call the private mortgage buyer back and have them draw up the purchase and sale agreement.
• The private mortgage buyer will send the private mortgage investor the contract.
• The private mortgage investor get the private mortgage notes lender to sign.
• The private mortgage investor delivers the contract to the private mortgage buyer.
• The private mortgage buyer takes over from that point on.
• The private mortgage buyer notifies the private mortgage investor of the closing date. The private mortgage buyer will close with the private mortgage notes seller for $95,000 so the private mortgage notes seller will not see the fee of the private mortgage investor.
• The private mortgage investor goes to the closing office to pick up the check separately.