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| | Location: Home » Real Estate » General AAS » Private Mortgage Investing: How to Earn 12% or More on Your Savings, Investments, IRA Accounts and Personal Equity--A Complete Resource Guide with 100s ....Secrets From the Experts Who Do It Every Day | January 9, 2009 |
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| Private Mortgage Investing: How to Earn 12% or More on Your Savings, Investments, IRA Accounts and Personal Equity--A Complete Resource Guide with 100s ....Secrets From the Experts Who Do It Every Day | 
 enlarge | Authors: Teri B. Clark, Matthew Stewart Tabacchi
Publisher: Atlantic Publishing Company
Category: Book
List Price: $29.95
Buy New: $14.97
You Save: $14.98 (50%)
Buy New/Used from $13.72
Avg. Customer Rating:  (9 reviews)
Sales Rank: 186058
Languages: English (Original Language), English (Unknown), English (Published)
Media: Paperback
Number Of Items: 1
Pages: 400
Shipping Weight (lbs): 1.4
Dimensions (in): 8.9 x 6 x 1
ISBN: 0910627622
Dewey Decimal Number: 332.632440973
EAN: 9780910627627
ASIN: 0910627622
Publication Date: July 10, 2006
Release Date: January 30, 2006
Availability: Usually ships in 1-2 business days
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| Editorial Reviews:
Product Description
In recent years, stock market investing has been proven unstable and not very rewarding. In fact, many people have seen their retirement and personal holding accounts dwindle. This new book provides an alternate to investors. It provides detailed information on how to put money to work in a relatively safe private mortgage investment with a high return of 12 to 15 percent (or more) in most cases. Private mortgages have grown into a multi-billion-dollar industry. This market allows investors to earn substantially higher yields?while offering the security of real property to back the loan. Private mortgages have become an important fixed income vehicle for many investors with their personal funds, equity, and self-directed IRA accounts. Private mortgage investing isn?t for the get-rich-quick type of person. However, you can comfortably double your money every 4 to 6 years. For example, should you invest in your self-directed IRA and re-invest as notes pay off? $100,000 at 12 percent grows to over $200,000 in six years, to $500,000 in 13 years and to over $1 million in 19 years. Private mortgage loans are backed by real property. Generally, you would not lend more than 55 percent on the value of the property, thus the investment is again relatively safe. Instead of concentrating on the borrower?s credit history, private mortgage lenders concentrate their investment decisions on the real property itself. However, like any business or investment, there are a lot of details to learn, and you do not need to learn them on your own. Learning them on your own can be costly. In this economic environment of very low interest rates, you can still earn high yields with virtually little or no risk to your investment.
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| Customer Reviews: Read 4 more reviews...
 Midlevel Overview of Private Mortgage Lending May 24, 2008
2 out of 2 found this review helpful
This is an excellent first book on the subject of private mortgage lending.
If you have no idea if what private mortgage lending is about, it has enough detail for you to understand what the business is about and how to get started.
In my opinion, it does not spend enough time explaining the "Gotchas". It has plenty of information to get you started but not enough to keep you out of trouble.
If you are interested in engaging in this business as a lender, by all means buy this book first, but when you have read it two or three times, be aware that you need to know a lot more about troubled borrowers, real estate inspections and appraisals, real estate title problems, bankruptcy, and local forclosure laws and procedures before you start lending your own money.
Mortgage broker learned a lot from this book April 6, 2008
3 out of 3 found this review helpful
This is a very helpful book on the topic of hard money loans. It also touches on investing in discount notes. Even an experienced investor will find some helpful nuggets of information in this book. This book not only showed me the way to safely invest & build personal wealth, but it gave me insight as a mortgage broker looking to place my clients with hard money loans. I called and spoke with co-author Matt Tabacchi recently, and he is still in business with 4 branch offices...I may even place some of my money with him to lend in Florida.
Solid guide to private mortgage investing March 26, 2007
4 out of 5 found this review helpful
Clark's book covers the basics that any investor will need to know, including why to choose private mortgage investing (and what your other options are) and how to go about doing it. It covers all of the different aspects of mortgages such as fees, interest rates, and even has handy tables to help you out. The appendices are the best feature as they have all the forms you will need as well as a comprehensive glossary (very useful!). This book covers everything you need to know to succeed, but were too scared to ask about. It even has case studies and examples explained with real numbers that help tie the whole thing together. I would recommend this book to anyone wanting to start earning money with private mortgage investments.
Invest in this book today January 2, 2007
6 out of 7 found this review helpful
This book is straightforward and gives you a tremendous amount of information about investing in private mortgages. Unlike a lot of books of the investment genre, it does not try to sell you on services provided by the authors. In fact, I wish the book had a bit more reference material for making contacts to get started with this type of investing.
Desk Reference for ANY Investor! December 19, 2006
5 out of 7 found this review helpful
Clark and Tabacchi have created a masterpiece of an educational and supportive tool that should become a desk reference for any investor from amateur through industry mogul. By providing the reader with an organized and easy to understand manual on the otherwise opaque investing industry, Clark & Tabacchi display their expertise in this subject matter by guiding the beginning investor through the processes of choice from traditional savings through stocks and bonds on to the lucrative market of Mortgage Investing.
The explanation of the reasoning behind the private mortgage industry that tells you why you would want to find yourself in this industry gets the juices flowing and interests peaked. Your journey includes a thorough exposure to strategies of Mortgage Investing, this resource is a must have companion.
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