I have a question regarding private mortgage loans?
This might be a really dumb question but it’s legit. This is about investing by doing private mortgage loans. I was wondering when you are doing a private mortgage loan and your charging… lets say 10% interest on a $ 50,000 loan… does that mean your charging 10% interest a month or does that mean a year? If you can give me any kind of feedback about this type of investing.. It would help me a lot! Thanks!