Archives for September 2013

Note Buying For Insomniacs

As the clock blinked 3:15 am, I only had two thoughts in my mind. One, I am really glad I do not live in the Amityville Horror house. Two, I can’t be the only one in the world that is sitting here waiting for the rest of the world to wake up and get some stuff done. It also led me to thinking… How can I create a note business that allows me to work whenever (and wherever) I want…even at 3:15 in the morning? Fifteen years ago that was a much more difficult answer… especially  for the note … [Read more...]

Has Today’s Note Seller Really Changed?

The real estate market went up and crashed back down. Bank lending dried up faster than water in the salt flats and... Robert Downey, Jr. has made three Iron Man films. So, with all these things going on, and more, it begs the question: How is today’s note seller different? The answer may surprise you. Nothing. Nothing has changed in the motivation of why a note seller would like to sell a note. People only sell real estate notes for two reasons. Happy People… Happy people … [Read more...]

Need Help Determining A Note Investing Yield

Recently a private note investor contacted us to get some guidance on calculating a yield on a note they were buying. While payments were current there was a past due balloon they were looking to extend along with an additional advance. This is a creative workout solution to a common balloon problem and the investor kindly agreed to let us share it here with our readers. The Question on Calculating Yield: I mainly broker hard money loans and buy existing notes, but this one deal has me … [Read more...]