The State of the Note Business

Owner Financed Note Business Increases 56% since 2008!

Why the big jump? More importantly, where is the opportunity for note brokers and note buyers?

Call it a mini “State of the Note Industry” if you Read more

Note Business Success in Five Words

We are often asked,

“How can I make it in the note business?”

That usually prompts us to ask a couple of questions to understand what, specifically, they mean by the question.

Some people want to Read more

Are You Trying to get Business with Your Website?

Ask anybody the above question and they just may give you a weird look. You know what I mean, one of those you-have-got-to-be-joking kinds of looks; “Of course I am trying to get business,” they say.

Well, after reviewing I can’t tell you how many cash flow websites (or websites in general for that matter) I can tell you without a doubt that most people’s cash flow sites are doing just the opposite – their sites are actually turning people away!

How can I say that? Many people get so caught up in the look, feel, and message that they completely lose sight of the goal or the impression they are giving.

Here is a short list of common mistakes found on sites. Is your site guilty of any of these?

1. You do EVERYTHING? – This is my favorite. You can’t do everything. You can’t be an expert in every cash flow. If you were looking for a doctor for heart surgery and his website said he did heart surgery, mowed lawns, repaired hot water heaters, and painted. Would you hire him? – I suspect not.  You want someone that specializes in what you are looking for. If you are really good in several different areas; time for additional websites.

2. I don’t really care about your birthday photos – Hey, we all have personal lives. We go on vacation and have birthday parties. Just because someone snapped your photo on the beach in Cancun, that doesn’t mean it goes on your business site (that is what Facebook is for). Keep it professional.

3. If I wanted magic I would have went to see David Copperfield – Just because you have the ability to hire someone to make a fancy Flash-based banner for you, it doesn’t mean you should. If I go to a site that has a million things flashing moving around, I am out of there. *This is not to be confused with having a video of you saying something – those are great. Just leave the bouncing banners and neon lettering for someone else.

4. Thanks, but I have an iPod already – Don’t play music on your site! We probably don’t have the same taste and it is quicker for me to find the “close browser” button than it is for me to find your “sound off” button.

5. Keep it short. Web reading is very different than a book. The computer screen (being further away) makes it difficult for the eye to jump line by line. #1 and #3 on this list are almost too long to not have a line break for the web. Don’t believe me? Step back from the screen a bit and tell me which numbers you want to read. I bet #2 and #4 jump out at you.

I could go on and on, but those are my top five. Remember, the goal of a cash flow website is to get someone to call you – that’s it. Anything else just gets in the way.  Keeping your site, simple and professional will go a long way to getting you more deals.

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In a few short minutes you will be receiving (via email) your very own copy of How to Make Money in the Cash Flow Industry.

You are also part of the Note Investor “inner circle.”  This entitles you to receive free weekly updates on what is going on in the note industry including special funder interviews and real world strategies to help you excel in the cash flow business.

Until then, check out the NoteInvestor.com site and be sure to visit a few of our sponsors that make this possible.

If you have any questions, or would like to know more about a particular topic, don’t hesitate to contact us.

We look forward to working with you!

All the best,

Fred and Tracy Rewey, NoteInvestor.com

Real Deal #137 – Condo in Florida

Welcome to Real Deals!  It’s always easier to learn from real life so here we share information from actual owner financed transactions.

A developer successfully completed a nine-unit condominium building and sold Read more

Broker Fees – Too Much or Not Enough?

Negotiating the purchase of a cash flow is about providing a service to sellers desiring cash rather than payments over time. While providing an essential service, the cash flow industry is also a for profit business. Cash flow brokers earn their profit through fees or spreads resulting from the difference between the price the seller agrees to accept and the amount an investor will pay. But how are these fees determined? Read more

What is “Face Rate” of a Note?

“Face rate” simply refers to the interest rate that is being charged on the note. Typically seller-financed notes are written between 8 percent – 12 percent. 

The higher the interest rate, the more valuable the note to an investor. Read more

What is LTV and ITV?

You have probably heard a lot of acronyms thrown around in the note industry. Some of the more common ones are LTV and ITV. 

LTV stands for Loan to Value. This is shown as a percentage. It is often used to determine “what is the likelihood the payor will continue to make payments” based on equity. Read more

How to Determine “Value”…

One of the considerations when purchasing a note will be the appraised value of the home.

Although there are some great programs on the internet that aid the average consumer in getting an idea of a value, they are not always accurate and thereby credible when you are talking about investing money in a seller financed note. Read more

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