Tuesday, July 11, 2006

Pros and Cons of Private Mortgage Investing

Pros: Privately held mortgages provide a high return on investment. Real estate can be traded or exchanged for like-kind property on a tax-free basis.

Cons: This is not a terribly liquid investment. It requires that you stick with the mortgage for the time specified. To get started, you have to have a relatively large initial investment – typically no less than $5000.

For more information, buy and read Private Mortgage Investing by Teri B. Clark.

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