We receive a lot of questions about the note industry. Some questions are about the potential money that can be made, some are about finding more notes, and some are about what it really takes to run a great note business. Despite creating hundreds of articles and/or videos, we always get a couple of core questions that people just (seemingly) don’t like the … [Read more...] about Work the Note Business One Day a Week?
Note Brokers
Why We Don’t Provide Note Broker Mentoring
I don’t think a week goes by that someone doesn’t call or email us to “mentor” them as a note broker. I get why they call. We have been around for a long time, done lots of note buying deals, and like sharing information. So, why don’t we mentor people? Well, the answer may surprise you… We don’t really believe in expensive mentoring programs for note brokers. Don’t … [Read more...] about Why We Don’t Provide Note Broker Mentoring
Does Social Media Really Help Your Note Business?
This week Patrick Clark at Business Week penned the following statement based on a recent [flawed] release of a Gallup Poll… “Tweets, Likes, and Shares Don’t Make Us Buy Stuff, Americans Say.” Of course the Gallup report was also deeply flawed with old data (circa 2012), and no one should have been surprised when people were asked if they are influenced by ads they … [Read more...] about Does Social Media Really Help Your Note Business?
Dodd-Frank Fallout: Colorado Removes Seller Financing Provision From Contracts
Colorado... Where it’s easy to buy marijuana but hard to sell a home with seller financing. In reaction to the Dodd-Frank Act, the Colorado Real Estate Division has issued a bulletin on the removal of the seller financing provision in the state regulated Contract to Buy and Sell Real Estate. While the creation of new seller-carry notes is holding strong since the … [Read more...] about Dodd-Frank Fallout: Colorado Removes Seller Financing Provision From Contracts
The Good, Bad, and Ugly Note Sellers
When dealing with a mortgage note seller, what is the most important element of the negotiation process? The amount of the discount? How long it takes to fund? The reputation / credibility of your company? At the end of the day, it is none of the items listed above. Sure, some people will say “price” but the fact of the matter is the value of the note (your bid) is a … [Read more...] about The Good, Bad, and Ugly Note Sellers