How to Make Money With a Mortgage
- 1). Review your assets to determine the amount of money you have for mortgage investments.
- 2). Prepare a list that features the types of mortgage loans you will make, such as private financing for home improvements or investment properties.
- 3). Inform friends and family members of your goal to make money offering private mortgage loans.
- 4). Observe opportunities that may increase your chances to make money with private mortgage loans. Before making a commitment to lend, ensure that each loan request is within your risk level, as well as your in-house guidelines.
- 5). Hire an attorney to prepare a mortgage note and conduct a title search for private mortgage loans you plan to issue.
