83. Mortgages and Notes – there are a variety of ways to use mortgages and notes as an investor.
It might be to sell a property for more money and to generate income over time.
For other investors, they look to buy an owner carryback mortgage at a discount which yields a very high effective interest rate.
One of the most important factors to consider is the quality of the collateral and whether there is enough equity to cover the note balance if the borrower defaults.