Who manages my investment – PRIMARQ or a third-party financial institution?
PRIMARQ investments are self-directed so you or your personal financial manager will oversee them. PRIMARQ does provide quarterly portfolio reporting on the performance of the asset. • If a home is lost due to a natural disaster how do I collect on my investment? You will be an additional loss payee on the property insurance behind the mortgage lender. • How can I be sure that the home buyer/owner is making the payments on time? As part of the quarterly portfolio reports, the investor will be informed as to the status of the mortgage. Further, the investor will be entitled to receive information directly from the mortgage lender. • What if the home buyer/owner is not taking good care of the property? Unlike a renter, the owner has a significant financial stake in the property and, therefore, is motivated to take care of the property and even improve its value. Nevertheless, the PRIMARQ agreement assigns maintenance obligations and necessary capital improvements to the owner. If for som
Related Questions
- Can the third-party solicitor’s referral fee be paid from the investment advisory fee charged by the registered investment adviser?
- Does a third-party solicitor have to be registered as an investment adviser or investment adviser representative?
- Who manages my investment – PRIMARQ or a third-party financial institution?
