Archives for 2012

Tread Carefully When Working With Private Note Investors

Thinking of working with private investors when selling mortgage notes or trust deeds? We recently received a  question through our online training asking what to be on the look out for and wanted to share our insights with readers here at Note Investor. Thank you Tracy, I have one other question, are there any laws surrounding selling notes to non institutional investors for whom I would need to do the research on a Note for? - Mark Yes and great question! You want to keep a careful … [Read more...]

NoteWorthy Convention 2012-Meet The Band in Vegas!

Ready to mingle with Note Buyers? Join us October 25-28, 2012 for the 26th Annual Noteworthy Convention in Las Vegas, Nevada! Get direct with institutional investors, meet private mortgage buyers, and learn note broker marketing strategies from leaders in the note business. NoteWorthy plans to surpass last year’s 300+ attendees, so the networking will be incredible with over 30+ speakers (including yours truly) working hard to deliver up-to-date strategies. This year's event has a … [Read more...]

What Determines a Mortgage Note’s Value?

The second you get past explaining, “What is a private mortgage note?” the next question is, “How do you determine its fair market value?” There are a lot of variables that go into a Note Buyer determining how much a note is worth for lump sum purposes – and each investor may have different hot buttons. Here are the main ones… 1. Credit Score How is the credit on the people who are paying on the mortgage note? Obviously the higher the credit scores the better. That said, many people carry … [Read more...]

Building Your Note Business Requires Putting One Foot Forward

There are many types of people who go into the Note Business - different ages, different interests, and different motivations. You can sit around guessing the level of success each will get in the beginning but experience has taught me that this is not possible. I have seen well-educated people do nothing. I have seen seemingly “unqualified” people enter the note business and rise to the top. So, what does it take to succeed? Although there are a million variables that people will … [Read more...]

What’s Holding You Back, Fear or Ignorance?

I saw this subject line earlier in the week and it stuck with me. There really are only two things that can hold us back from success in the note business…       Fear or Ignorance … [Read more...]

Note Buyer Interview With Jeff Armstrong

There are many ways to find and buy real estate notes. While many have a favorite strategy there are only a few note buyers with two decades of industry data to prove it. With over 20 years experience, Jeff Armstrong of Armstrong Capital is certainly one of those people! Located in California, Jeff has closed over 1500 real estate notes in 42 different states! Get his tips, strategies, and buying guidelines in this exclusive Note Investor Interview! … [Read more...]

3 Things You Can Do For Your Note Business Today

People like “to do” lists and frankly, they are pretty darn effective. You have something written out just waiting to be checked off with an emotional satisfying swipe of the pen. So, without any further delay, here are three things you can do TODAY that can move your note business forward. To Do Item #1 -  Write a letter to a potential referral source. Contact a real estate agent, CPA, attorney, title agent, escrow company, or other real estate professional. Tell them what you do and … [Read more...]

Starting Your Own Note Business? Better Have a Lot of Quarters In You!

I’m often asked what it takes to have a successful business buying and selling notes. Well my new answer might just surprise you... You Need a Lot of Quarters In You! What?!?!? Quarters? Yes, and let me explain. Remember the mechanical rides they used to have outside the grocery stores? Well when our daughter was small she loved to ride the pony after a trip to the store. She knew it took a quarter to take that unmoving hunk of metal and turn it into a spirited stallion galloping across … [Read more...]

Note Buyers Have Two Big Questions On Their Mind

Any investor or note buyer looking to purchase a private mortgage is asking two big questions… 1. What is the likelihood of the payments continuing? and 2. What happens if the payments don’t continue? To answer these questions, note buyers look at a variety of factors. … [Read more...]

Private Note Industry: Become a Broker or Buyer?

When considering participating in the private note industry, you may have been wondering exactly “how-to" participate. First off, let’s review the players involved a typical real estate note transaction and how to get involved. The Note Seller This is the person that holds the note, is receiving payments, and wishes to sell future payments for a lump sum of cash. The only way to be the Seller in this type of deal is to be holding or creating notes. You can do this by selling or flipping … [Read more...]