Laura Boyle February 20, 2020 Promissory Note
Myth #4: Doing a foreclosure to get a defaulted promissory note is quick, easy, and inexpensive. Myth Buster: '' There are always significant cash expenses and costs about the foreclosure and repossession of a property. Attorney fees, eviction , property insurance , land repair costs by ordinary wear and tear, neglect, and vandalism, real state commissions, selling , and title company closing costs the key expenses.
• High yields: Promissory notes that double digit returns--people more than 10 percent, while other fixed income investment are yielding less.
I've been actively the promissory note business for more than 40 decades. My wife's self-directed IRA accounts are in notes to the same of time. My note investments the of my estate . Because I feel that promissory notes may be an excellent investment vehicle for the average investor, '' I try will what they and how they work. But, I also point out that notes can be abused and mistreated by shady people and by unlearned men and women. This report is first of several articles where I shall to see the normal investor about the and warn the ordinary trader regarding the detriments of notes. , there's absolutely no perfect investment.
As cars not and kill people ( drivers do), promissory notes and also harm people (dishonest or dumb sellers of promissory notes do). What Promissory Notes AreGenerally, promissory notes are a form of debt similar to a loan. Companies and people issue those notes to finance a of jobs. Bona fide notes are still an essential means by which people and companies raise . , not all of notes are valid and investors has to potentially tricks, , and exaggerations. Not all notes are all created equal.