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 [Paperback]

Teri B. Clark (Author), Matthew Stewart Tabacchi (Author)

Book Description

Publication Date: January 30, 2006

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.

Editorial Reviews

Review

"A must read for Investors. If you want a good return on investing in private mortgages...read this book." -- Kevin A. Dunlap, Trident Investments, Real Estate Investor

“A must read for Investors. If you want a good return on investing in private mortgages...read this book.” --Kevin A. Dunlap, Trident Investments, Real Estate Investor

About the Author

Teri Clark’s interest in the new and different has led to a successful online writing career collaborating on nearly 100 books as an editor, researcher, ghostwriter and author. The North Carolina resident, along with her husband, home schools their four children. She can be reached at [e-mail]. Matthew Stewart Tabacchi, originally from Pittsburgh, Pennsylvania, holds an Associate Degree from Pittsburgh Institute of Aeronautics and maintains several mortgage licenses. These include a Mortgage Broker license (MB), a Mortgage Broker Business license (MBB), as well as three Mortgage Broker Business Branch licenses (MBBB). Mr. Tabacchi worked for companies such as Aabco Mortgage and Accredited Mortgage and now has an Allstate Mortgage firm that maintains a state lenders license and is based in Ocala, Florida. There are currently four Allstate mortgage offices serving Central Florida. Mr. Tabacchi entered the mortgage business in 1992 and has mastered all the secrets of private mortgage lending. Today, the majority of the loans his firm underwrites are private investor-backed mortgages. Of the hundreds of private investors and thousands of private mortgage contracts Mr. Tabacchi’s firm has managed and orchestrated over the years, no investor has ever lost a nickel. Allstate Mortgage is a full-service mortgage firm providing services to private investors and mortgage clients. They can provide full loan servicing for the private investor, enabling the process to be highly profitable and virtually effortless—with no risk. You can reach Matt at 352-351-0200 or 866-351-0200, and he will be happy to answer any questions you may have and help guide you into the highly profitable world of private mortgage investing.

Product Details

• Paperback: 396 pages
• Publisher: Atlantic Publishing Company (January 30, 2006)
• Language: English
• ISBN-10: 0910627622
• ISBN-13: 978-0910627627
• Product Dimensions: 8.9 x 6 x 1 inches
• Shipping Weight: 1.4 pounds
• Average Customer Review: 4.4 out of 5 stars  See all reviews (14 customer reviews)
• Amazon Best Sellers Rank: #855,213 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

8 of 8 people found the following review helpful:

4.0 out of 5 stars Midlevel Overview of Private Mortgage Lending, May 24, 2008

By 

GreyFox "GreyFox" (Dallas,TX) - See all my reviews

This review is from: 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 (Paperback)

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.

6 of 6 people found the following review helpful:

5.0 out of 5 stars A complete and honest investment guide, October 19, 2006

By 

K. Steinbarger (ME, USA) - See all my reviews
(REAL NAME)   

This review is from: 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 (Paperback)

This is a well organized and very easy to understand investment manual, whether you are a newcomer or an old pro in the business of real estate. Included case studies and tables are effective in illustrating the process and possible outcomes of private mortgage investing. The author clearly explains all of the parameters to be considered when taking advantage of this type of investment opportunity. Points, fees, and procedures relevant to mortgages are explored in great detail. Safety measures, tax considerations, and foreclosure processes are also discussed, with examples of what could go wrong, and how to avoid losing your investment. This is a complete and honest assessment of private mortgage investing, with excellent references and suggestions of how to get started or increase the success of your investment activity.

5 of 5 people found the following review helpful:

5.0 out of 5 stars Solid guide to private mortgage investing, March 26, 2007

By 

Ryan W. Worthy - See all my reviews
(REAL NAME)   

This review is from: 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 (Paperback)

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.