A Renovation Note is a promissory note that is secured against a property in second position.
Renovation Notes are ideal for their opportunity to provide fast, short-term monthly interest income.
Turnkey Properties provide financial income in 2 ways:
(1) Initial Point(s) Received
(2) Monthly Interest Payments
The average Renovation Note lifecycle is between 90 days to 12 months.
As Renovation Notes are a form of financial lending, there is no responsibility on the investor to do anything except their own due diligence.