REAL ESTATE INVESTING: Enjoy the fruits of your investment

A couple of basic systems that should help in reaching your goals. Of course, these systems don’t carry any guarantee, but by educating yourself you maximize your probability of success. The Boy Scouts got it right when they made their motto “Be prepared.” This is advice that we all should take seriously for anything we do, but especially when dealing with our future.

Besides being prepared, the following three steps must be adhered to when it comes to investing. Each step is essential, and each one builds on the other:

1. Grow your investments.

2. Protect your investments.

3. Enjoy the fruits of your investing.

LEGAL OVERVIEW ON REAL ESTATE LOANS

Mortgage In details

A mortgage (also called a “deed of trust” in some states) is a security agreement under which the borrower pledges his or her property as collateral for payment.
  

Promissory Note in Detail

A promissory note”) spells out the amount of the loan, the interest to be paid, how and when payments are made, and what happens if the borrower defaults.

The Deed of Trust

The deed of trust is a document in which the trustor (borrower) gives a deed to the neutral third party (trustee) to hold for the beneficiary (lender).