Whatever kind of investing you do, reducing risk is always something you think about. Having a diverse real estate portfolio that includes holding mortgage notes is a great way to do it. The seller finance market is huge right now, and Nick Legamaro is one of the top experts in this space. Nick shares some insights into how you can diversify your real estate investments, reduce risk, and maybe even help a family out. 

Owning and managing notes is less risky than owning and managing the property. Notes are secured by actual physical property, making them more controlled than other types of investments. Why be a landlord when you can “be the bank”? Owning notes is lucrative because you continue to get cash flow over time. As an added bonus, you might be helping a family buy a home that they may otherwise not be able to. This is because as the note holder you control the terms. 

For a new investor, figuring out how to obtain mortgage notes might seem overwhelming. Owning notes is not difficult, it’s just a bit complex for someone who’s never done it. There are definitely some important things you have to get right to successfully write and own notes. New investors should have some level of commitment to the process as well. You can’t quit too soon or you won’t see the results. In the past, there weren’t a lot of resources to learn about mortgage notes, but today that’s all changed. There are many places you can go to beef up on what you need to do to get started. You can join a local REIA, participate in meetups, and even YouTube videos just for starters. Learning is an important part of the process so you can have confidence in buying notes for your portfolio.

If you’re all about minimizing risk and having a diverse REI portfolio then you definitely need to look into mortgage notes. In spite of the learning curve, they can be a great opportunity to create wealth without the hassle of being a landlord.

What's Inside:

• Why do most investors avoid buying notes?
• How can investors acquire amortized notes?
• Is it easier to buy or create a note?
• Why it’s important to write your note correctly from the beginning.