Wednesday, June 21, 2006

Collecting payments and mortgage management

Getting paid on time is the most important thing about investing in mortgages.

You can send your borrowers:

1. a statement every month (with or without a return addressed envelope)
2. 12 payment coupons at the beginning of the year (with or without return addressed envelopes)
3. 12 envelopes addressed to you at the beginning of the year
4. nothing and just tell them you expect to be paid on time

To find out more about Private Mortgage Investing, click here.

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