What are the Mistakes that Should be Avoided in Real Estate Note Investing? 101
Real estate note investors are allowed to make mistakes, but not these. Are you ready to learn which ones? As an investor, a person can make wrong decisions, some being very bad. Now, there are bad decisions, and there are bad decisions! Most of the time, those bad decisions can be avoided. This also applies to real estate and mortgage notes. In this article about note investing training , we will see how to avoid making bad decisions. Not checking the borrower's creditworthiness Even the best of us have failed to pay certain installments. Does that make us untrustworthy? No, right? So, while giving a mortgage loan to the borrower, of course, you need to check the credit score. But you need to check his payment history too. Now, there's no perfect score, it depends on the person, situation, mortgage notes, etc. Just ensure that the person can pay you the amount right on time. If the candidate has a bad r...