Keeping inaccurate or erroneous paperwork can signal the end of a real estate investor’s career. Even if you’re a math wiz, investors need to know and trust that their money is being handled carefully. Since financial scams have topped recent news headlines, be prepared to show investors exactly how their money is being spent.
Using a sheet such as our Mortgage Loan Record for each property is a clear way to show the name of the property, who owns the note, the dates of each payment as well as the updated principal balances. Being transparent and upfront with investors will go a long way to building your credibility in the business.
As always, our attorneys make us say it… these forms are for reference only and you should always pass any forms you use for your business by a competent attorney in your local area to make sure they jive with all state, federal, and local law.
Download Mortgage Loan Record
Download Instructions:
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Right click on the download link below
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Click “Save As” or “Save Target As”
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Save it to your computer
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If already a member you can login at the top of the blog.
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Go ahead and download the free Mortgage Loan Record above and return the favor… tell us what’s been working for you in your market! Just post a comment below or shoot us a message through our contact page anytime letting us know about your successful marketing piece.
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