When someone new to the note industry tells me, “I have yet to find a note,” I have to wonder if they are even trying. Ok, that might have sounded a little rude – that is not my intent. I could understand someone saying they are having trouble finding “buyable” notes. But even with a small amount of marketing, and dumb luck, you should be seeing some notes. When I … [Read more...] about Five Reasons No One Knows You Buy Notes
Should You Really Sell Your Mortgage Note?
With all the talk about buying and selling notes, does anyone actually take a pause to see IF they should sell their private mortgage note? Course the usual short answer is, “Well, depends on how much I can get for it.” – In reality, you might want to delve a bit deeper. Ask yourself the following five questions when deciding to sell. Did you want to carry back the note … [Read more...] about Should You Really Sell Your Mortgage Note?
Do You Need Your Own Money To Buy Mortgage Notes?
In what seems like a lifetime ago I learned a very important lesson about investing money. It doesn’t have to be yours. Which was good, because at the time, I didn’t have any money. Well, I had some money, but certainly nothing close enough to purchase my very own private mortgage note. Let me back up for a minute. If you have been cruising around this site, you are … [Read more...] about Do You Need Your Own Money To Buy Mortgage Notes?
Buy Notes Locally or Nationally?
Every once in a while someone expresses this concern, “I don’t want to limit myself by only trying to find and buy notes in my own town…I want to make sure my marketing is global.” We certainly understand not wanting to limit yourself. For the most part, the market has changed. The Internet has taken many businesses to a global level of competition – but not all business. … [Read more...] about Buy Notes Locally or Nationally?
Get the Little Things Done in Less Than 48 Hours
When people start a business as a “broker” in the note industry, they are often focused on the little things. What should the company name be? What about a logo? What should my business cards look like? How do I find quality note buyers? What about a website? All of theses items are important, but they often take people weeks, or even months, to complete. The fact of … [Read more...] about Get the Little Things Done in Less Than 48 Hours