Top Eight Consultants You Need to Have a Successful Mortgage Note Investment Business

April 19, 2022

Lauren Wells



Mortgage note investing is a challenging but profitable industry. It’s also one that requires an in-depth knowledge of real estate investing and title theory. These investments are not for the faint of heart, but they can be successful if you have the right support from a well-qualified team of consultants. In this blog post, we will look at eight mortgage note investment experts you need to have on your team to ensure success!

#1 Attorney

Mortgage note investing requires an attorney on speed dial. You will need an attorney who specializes in mortgage notes to help you with due diligence, Loan Sale Agreements and on non-performing loans for foreclosures.

#2 Mortgage Loan Servicer

A mortgage loan servicer is a company who will keep you in compliance with all state and federal laws. They are responsible for sending borrower statements, collecting payments, sending tax forms and handling all communication with the borrower.

#3 Real Estate Title Company

Title companies are important to make sure you’ve got clear title on your assets so they are a key and primary member as well.

#4 Realtors or Companies That Provide Broker Price Opinions

You’re going to want to know what the assets worth so you better have a realtor or broker price opinion company on board to assist with that task.

#5 Property Preservation Company

These companies will be able to secure the locks for you or change the locks, check out a property and winterize it. They are a key component as well if you have to take back an REO.

#6 Collateral Storage/Document Recording Company 

This is somebody who’s going to be important because you’re going to want to have these documents recorded in a timely fashion, so it is important to have them as a member of your team.

#7 Tax Service Company

Now there are companies out there that can also check taxes for you not only when you buy the asset but also throughout the period when you own it as well. This is important because not all services may cover this. You want to make sure that either the borrower or the servicer is getting those taxes paid.

#8 CPA/Bookkeeper

These two go hand in hand with each other in some situations. In some essence it is your bookkeeper’s responsibility to make sure your assets and your invoices and expenses is all being managed properly and input. It’s time consuming.  So, I highly recommend you know somebody who’s an expert in it and this is what they do. Last, but not least, is your CPA. Once your bookkeeper finishes the books you need someone who properly understands the tax implications and who can guide you on the tax implications because notes are different than conventional real estate.

Those are the top eight mortgage note investment experts you need to have on your team to ensure success.  Check out our  podcast to learn more about mortgage note investing.

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