This section is from the book "Practical Real Estate Methods For Broker, Operator & Owner", by Thirty Experts. Also available from Amazon: Practical Real Estate Methods for Broker, Operator, Owner.
Frequently houses which are heavily mortgaged at a rate of interest lower than the prevailing rate at the time of maturity can be bought or exchanged at a reasonable figure. The expiration of mortgages should be followed up by the use of the Mortgage Indication or the Record and Guide Quarterly, both published by the Realty Records Co. These publications and their use will later be described at greater length.