Archives for 2012

Evaluate a Cash Flow Note In 60 Seconds or Less

Ever feel like you spend too much time determining if you have a viable seller financed cash flow note to either broker or keep for yourself? Not me. I tend to look over a real estate note and make a pretty rapid decision. So, how do I do it? First off, I tend to go for the big stuff first. You know, 30,000 foot level. It is easy to get caught up in the details that won’t really matter when it comes times to make a decision. But let me back up for just a minute and explain what I … [Read more...]

What Private Note Buyers Can Learn from MERS

Note Buyers take notice; a U.S. Bankruptcy Judge has now ruled MERS's business practices are unlawful. Heard of robo-signing, burger king kids, and attorneys promising to stop foreclosure?  Well that’s all part of the MERS mortgage lending mess and it just got a lot harder than calling for a cleanup on aisle 5. What’s the impact?  L. Randall Wray, Professor of Economics, wrote this: "United States Bankruptcy Judge Robert Grossman has ruled that MERS's business practices are unlawful. He … [Read more...]

Finding Notes: An Interview With Mike Wood of NoteDocs

Want to find seller carryback notes? Check out this interview with Mike Wood of NoteDocs, a company specializing in providing private mortgage note holder leads to note brokers. What is the current focus of NoteDocs? Mike Wood: The current focus of NoteDocs is to offer two services to note brokers in the cash flow notes industry. First we strive to offer noteholder lead data that provides quality leads for those interested in doing direct mail campaigns. Second, I personally strive to … [Read more...]

Who Pays Costs When Buying Notes?

Wondering how costs are handled when buying mortgage notes?  You are not alone!  Here is a question we recently received from a note broker: If the note buyer wants the seller to pay the closing costs, does the note buyer back the closing costs out and then send me the offer or do I back the closing costs out myself along with my fee and then present the offer to the seller? If I back out the costs, where would I get the cost of the closing to do this? Great question! There are generally two … [Read more...]

Five Tips To Keep Your Note Business Professional

Certainly the most popular question among note brokers (experienced and otherwise) is, “How can I find more notes?” What many people don’t ask is, “How can I have a professional note business?” The reason I think this is important is that one can impact the other. Keep you business professional and, surprisingly enough, some deals will actually find you. So, how do you make sure you have a “professional” image in the marketplace? Make sure you are following these... 5 Tips for a … [Read more...]

Note Buyer Interview With Ric Thom of Security Escrow

Interested in seller financing, real estate contracts, or buying notes in New Mexico? Then you will want to know Ric Thom of Security Escrow, the feature of this month's Note Buyer Interview.  Ric has been servicing and buying real estate contracts in New Mexico for over 25 years. He's also a true owner financing expert that has been actively involved in trying to "make sense" of the HUD Safe Act and Dodd Frank Act. … [Read more...]

Seller Financed Note Business Increases 40%!

“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

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: … [Read more...]

Note Buyer Interview With Americus Financial

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 … [Read more...]

How to Buy Notes: Learning From My Worst Real Estate Note Investment

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...]