Are you interested in note investing but not sure how to differentiate between secured and unsecured notes? In this video, we'll break it down for you.
Note investing, simply put, is paperwork. But it's important to understand the difference between unsecured and secured notes. Unsecured notes are very risky because they have no lien or collateral backing them up. In contrast, secured notes are backed by real estate and come with a promissory note and a mortgage. This means that if the borrower defaults, the investor can go ahead and foreclose on the asset.
One of the biggest benefits of investing in secured notes is that the investor doesn't have to deal with late-night calls about broken toilets or other household issues.
If you're interested in learning more about note investing, check out the videos in the comments section – they'll take you to a playlist of informative content on the topic. And if you enjoy this video, don't forget to hit the subscribe button to stay up to date on all our latest content.
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