The second you get past explaining, “What is a private mortgage note?” the next question is, “How do you determine its fair market value?” There are a lot of variables that go into a Note Buyer determining how much a note is worth for lump sum purposes – and each investor may have different hot buttons. Here are the main ones… 1. Credit Score How is the credit on the … [Read more...] about What Determines a Mortgage Note’s Value?
buying mortgage notes
Building Your Note Business Requires Putting One Foot Forward
There are many types of people who go into the Note Business - different ages, different interests, and different motivations. You can sit around guessing the level of success each will get in the beginning but experience has taught me that this is not possible. I have seen well-educated people do nothing. I have seen seemingly “unqualified” people enter the note business … [Read more...] about Building Your Note Business Requires Putting One Foot Forward
Buying Mortgage Notes? Sometimes It’s The Little Things!
If you are buying mortgage notes from banks or private sellers then you know sometimes those small pesky details can turn into big trouble. Recently a reader shared one of his note buyer stories of a "good deal gone bad." He was kind enough to let me share his story in hopes of saving others from a similar situation. After you read his story please head over to What … [Read more...] about Buying Mortgage Notes? Sometimes It’s The Little Things!
Do Some Investors Pay Par Pricing When Buying Mortgage Notes?
Recently we received a question in the Finding Cash Flow Notes training course related to “par pricing” or "discount" when buying mortgage notes. First off, here is the Note Broker Question… Hello and thank you two for all your help. My question is why would a note investor pay par for a note? I’ve been speaking with a person who helps their clients use OWC (Owner Will … [Read more...] about Do Some Investors Pay Par Pricing When Buying Mortgage Notes?
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...] about How to Buy Notes: Learning From My Worst Real Estate Note Investment