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Updated over 8 years ago on . Most recent reply

note and mortgage for sale
For sale note and mortgage, todays balance is $190,000 you will get $1,200 a month for up to 60 months, face interest rate is 5% your yield will be more that 9.22%, you investment would be $160,000. If the buyer pays off sooner than 60 months your real yield would be a lot higher. The home is in White Lake Michigan. Good for a IRA investment.
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