: Unlike stocks, the investment is secured by physical real estate. If the borrower stops paying, you have the right to foreclose and take ownership of the property.
: You can often buy notes for less than their "face value" (the remaining balance), which instantly boosts your effective yield. buying mortgage notes
: Similar to flipping a house, you can buy "non-performing" notes (where the borrower isn't paying) at a steep discount and "fix" them through loan modification to turn them into performing, valuable assets. : Unlike stocks, the investment is secured by