Seller Financed Note Business Increases 40%!
January 25, 2012 by Tracy Z · Leave a Comment
“The number of seller-financed notes created over the past two years has jumped 40%!”
This breaking news was reported by Scott Arpan of Advanced Seller Data Services (ASDS) based on the analysis of information collected by their company.
They currently compile data from the public recording offices for owner financed real estate notes in over 1600 counties across the United States. Read more
Building a Winning Cash Flow Business Website Video
January 18, 2012 by Fred Rewey · 3 Comments
Wondering what makes a winning website for the cash flow business?
Watch this video walk-through to answer these important questions for finding cash flow notes online:
- Why should I bother with having a website?
- What is the best engine for running a site?
- What should my website say?
- How do I get potential cash flow note sellers to contact me?
- Where can I find an affordable website for my cash flow business?
- How can I keep control and update my site?
If you would like to view the demo web sites shown in the video just click here:
When the link opens just click on any of the photos or site names to demo each website live.
Note Buyer Interview With Americus Financial
January 17, 2012 by Note Investor · 2 Comments
We are pleased to bring you this Note Buyer interview with Mark Donoghue of Americus Financial Group, a national note buying company located in Spokane, WA.
What is the current focus of Americus Financial Group?
To maintain our reputation as the recognized leader in the purchasing of real estate notes nationwide. In addition, with our knowledge and experience we strive to assure that each transaction is fast, satisfying, and stress-free.
How did you get your start in the note business?
B
uying and selling real estate in the mid 80’s. I was introduced to seller-financed real estate early in my real estate career and in 1988 was hired to purchase real estate receivables, structured settlements and lotteries for a multi-billion dollar financial services corporation until my departure in 2003 to start Americus Financial Group.
What unique benefits does your note buying company provide?
We do ALL our own underwriting, pay for ALL appraisals and we are the only investor to my knowledge that does not require the servicing to be released.
What type of notes or transactions will your company consider funding?
Each transaction (as long as it is secured by real estate) is reviewed based on the following criteria in order:
- Equity
- Seasoning
- Collateral Type (SFR, Commercial, Land)
- Credit
What type of note deals would just waste your time?
Simultaneous closings and “flips”
How do you handle commissions to note brokers or consultants?
They are paid at funding (when we close the transaction). Most fees are wired to our brokers.
What advice would you give to new professionals just starting out in the note industry?
This is a vocation/profession so treat as such – educate yourself and understand that you will ultimately be rewarded with the amount of time and effort you truly put into it.
What is the most common business mistake you see people make?
Requiring and gathering too much information from the note holder before they have the transaction even under contract.
Given the current economy, have you made any changes in the way you buy mortgage notes?
Yes we have –
- As noted above, we no longer purchase simultaneous closings or flips
- We require a minimum of 20% cash equity on most note purchases.
Where can someone contact you to obtain more information?
Editor’s Note: You can also view the Americus Financial Group listing in the current edition of the Note Buyers Directory for more details! This updated directory is available for download in the Member’s area of the Finding Cash Flow Notes Training or can be found in the bookstore.
How to Buy Notes: Learning From My Worst Real Estate Note Investment
January 4, 2012 by Greg Gehlen · 1 Comment
Wondering how to buy notes?
Get some real life lessons learned from my worst real estate note investment!
The note was secured by a small single family house in Arizona. Read more
Selling Mortgage Notes? Find the Right Note Buyer!
January 1, 2012 by Tracy Z · 5 Comments
Note Investors fall into one of four groups, but which one is right for you? Safe to say it’s not “The Posers!”
Here’s a look at each group including tips for finding and selecting the best note buyer.
