The ingredients are: a transaction between two private parties; the security for the investment is real estate; and the price paid for that investment is less then face.
The number one time commitment will be marketing to find the note holders receiving payments. After you have accomplished step one, it is important that you put your excess funds to work.
The owner agrees to let the buyer make payments on the property instead of getting a traditional bank loan.
When a seller accepts an offer and signs a preliminary agreement the investor will start the due diligence process. As great as it all sounds and despite what some may claim, it is not easy over night riches.
Studies indicate that the average person is ninety days from being homeless if they should lose their job, health or marriage. The same situation can befall beginning mortgage note brokers.