AAA35 Non-Performing Second Mortgage Investing - Lindsay Gordon
Second Mortgage Investing
Apr 2, 2018 • 16 minutes
Lindsay heard about the returns on non-performing second mortgages, and thought the returns were too good to be true. Her team wanted to check it out for themselves.
So they actually made the transition from buying single family rental homes over to buying non performing notes and actually becoming the mortgage holder.
When they compared the rate of return on first mortgages vs second mortgages, they found that the second mortgages performed greater because they can acquire them at a lower cost, as they are typically seen as a more risky asset.,
That being said, they’d rather bet on 10 second mortgages then 1 first mortgage for the same price.
Links mentioned in this episode:
Choose from the options below to listen and subscribe to Creative Real Estate Podcast in your podcast app of choice. By subscribing you will receive new episodes automatically.
Search for Creative Real Estate Podcast or copy the URL below and enter it in your podcast application.