Performing 2nd Notes

Buying Performing 2nd Notes in Arizona

Real estate investing can be fun and lucrative!  However, it can also take a lot of time up front in order to learn to do it well and safe.  Some people don’t have the time or the connections to build a real estate investment business but they do want to invest in real estate.  For people like this, note investing can be a great fit.

What are notes?  Simply put, notes are loans that are backed by real estate such as a mortgage.  Often times notes are created by title companies to show the lien position of the note.

Just as a bank that collects monthly mortgage payments.  Note investing can provide cash flow on a regular basis.

Listed below are properties that have 2nd notes available.

 

121 Harding Ave, Coolidge, AZ 85128

Appraised Value (February 2017): $75,000.00

1st Mortgage: $46,860.00

2nd Note: $10,000.00

Length of Term: 5 years

Interest rate on 2nd Note: 11% with a 1% bonus per year at the end of the term.

Monthly Cash flow that gets paid quarterly: $91.67 monthly, $275.00 quarterly.

 

397 W Northern Ave, Coolidge, AZ 85128

Appraised Value (February 2017): $60,000.00

1st Mortgage: $38,000.00

2nd Note: $10,000.00

Length of Term: 5 years

Interest rate on 2nd Note: 11% with a 1% bonus per year at the end of the term.

Monthly Cash flow that gets paid quarterly: $91.67 monthly, $275.00 quarterly.

 

955 S. Drew St, Mesa, AZ 85210

Appraised Value (February 2017): $155,000.00

1st Mortgage: $103,000.00

2nd Note: $30,000.00

Length of Term: 5 years

Interest rate on 2nd Note: 11% with a 1% bonus per year at the end of the term.

Monthly Cash flow that gets paid quarterly: $275.00 monthly, $825.00 quarterly.

 

602 N. 27th Ave, Phoenix, AZ 85009

This is a duplex. Really it is 2 properties on the same lot.

Appraised Value (February 2017): $110,000.00

1st Mortgage: $82,500.00

2nd Note: $20,000.00

Length of Term: 5 years

Interest rate on 2nd Note: 11% with a 1% bonus per year at the end of the term.

Monthly Cash flow that gets paid quarterly: $183.33 monthly, $550.00 quarterly.

Interested in finding out more about these 2nd performing notes?  

Give me a call 480-206-1209.