How to buy, sell, broker or invest in private mortgage notes for cash flow!
OK, you can’t really learn the cash flow note business in just 60 seconds, but this “speed round” of 11 questions will certainly get you started. Ready? Go… What is the Note Industry? The note business is the buying, selling and brokering of privately held notes. What is an example of a cash flow note? Ever see someone selling a property that says, “Owner will Finance?” That means the seller of the property is looking to “be the bank” and payments will be made directly … [Read more...]
People seeking refunds from the Russ Dalbey lawsuit may just have been scammed out of money by a different company, according to an update posted by the FTC. (Editor's Note: Information on the Dalbey Bankruptcy Chapter 7 Filing can be found in the update posted at the bottom of this article.) Imagine feeling misled by an infomercial, attempting to get some money back, and losing even more hard earned dollars paid to a company claiming they could get you a refund. Sadly, this is how the … [Read more...]
I want to have a very candid conversation about working in the cash flow notes business. Just what it is, how you may be part of it, and some common myths and facts. I have been in the note industry for over 15 years. … [Read more...]
The FTC and Colorado Attorney General have filed a complaint against Russ Dalbey for allegedly defrauding consumers with his "Winning in the Cash Flow Business" system. You may have seen the TV infomercials with Dalbey claiming people could make big sums of money as a note broker in three easy steps... Find 'Em, List 'Em, and Make Money... in just minutes a day. The claims were backed by testimonials from students that are also being questioned. The courts are seeking an order to stop any … [Read more...]
How much can a note broker make on a deal? That's the short summary of a cash flow business question we received last week from a Note Broker. It was an earnest inquiry and we wanted to share our answer in this edition of Real Deals! I was just visiting your site and wanted to know what a fair % of cash flow a broker can expect from a performing package deal? There are buyers wanting a performing MHP package I have available with only 2-3 yrs. to maturity and the smaller lender wants to … [Read more...]
This is a common question with a straight forward answer. Earlier this week we responded to this email inquiry and we'd like to share our answer with readers! Note Broker Question: Hi, Can you please tell me if you need a license to be a note broker in Ca.? Thanks, Marie Note Buyer Answer: Hello Marie! Thanks for visiting NoteInvestor.com. While I am not an attorney (so unable to give legal advice), I'm happy to share with you my knowledge and resources. California is one of the … [Read more...]
New and experienced brokers alike are always interested in the hottest current trends in cash flow notes. Everyone wants to know what everyone else is doing (because no one wants to miss anything!). Over the past few years, we have been inundated with Life Settlement requests. Fortunately for us, I find them very interesting and fun to work: I say fortunately, because the commissions are excellent. … [Read more...]
Are we buying notes on cruise boats now? Well...sort of. Last weekend we were asked to present our 5 strategies for moving from note finder to note investor. The seminar was sponsored by … [Read more...]
It’s a tough time to sell a house. In an effort to sell fast and stand out from the crowd, sellers are turning to the owner financed installment sale. By accepting payments over time from the buyer, the seller provides an alternative to bank financing. This attracts more buyers and helps the owner get attention in a market flooded by oversupply from foreclosures. Of course sellers don’t want to jump from the frying pan into the fire by trading a house that won’t sell for a buyer that … [Read more...]
Owner financing is on the rise with more sellers agreeing to accept payments from buyers. There are many reasons people agree to a carry-back real estate notes including: Quick sale of the property Monthly income from the note No hassles of bank financing More qualified buyers Property that is hard to sell or finance Rather than waiting 20-30 years for payments, many sellers opt to sell future payments to a Note Buyer. Here are the seven most common questions we receive on … [Read more...]
