- 1st position mortgages
- Typical LTV: 20-30%
- 12-18% interest, computed daily
- Unregulated non-consumer loans
- No TILA, RESPA, Regulation Z, etc.
- Standard Fannie Mae note and mortgage docs
- Automatic payments
- Directly to your bank account
- Via Zelle
- No transaction fees
- Typical loan:
- $20-30K
- 10 year, fully amortized
- Completed, in advance:
- Valuation
- Inspection
- Qualification
- Fully insured title
- Documentation
- All at no cost to you
- Closing:
- Fast, easy
- Established real estate law firm
- Minimal red tape
- All at no cost to you
- 3rd party trustees enforce timely:
- Loan payments
- Property tax payments
- Property maintenance
- Foreclosure, if necessary
- All at no cost to you
- No partial prepayments
- For you:
- Steady passive income
- Well secured
- Cookie cutter deals
- Effortless loan servicing
- No tax escrow to manage
- Easy accounting
- High rate of return
