Guru Rhymes With Screw You

gu·ru [goo-roo] – noun

Any person who counsels or advises; mentor, or a leader in a particular field.

Based on the definition above, there are several of us in the seller-financed industry that might be considered ‘gurus’. After all, we post helpful articles on websites such as this one, and offer guidance to those who ask follow up questions. We teach at industry conventions and have decades of experience buying, selling, and/or brokering real estate related cash flow notes.

However, the present-day guru differs greatly from us on that last point. In fact, I have never transacted business with a single self-proclaimed ‘guru’ selling their wares today. This is because ‘gurus’ don’t have Read more

How Note Buyers Verify Taxes and Insurance

If you plan to sell a mortgage note be ready to show the buyer is keeping real estate taxes and property insurance current. Follow two easy steps to protect the promissory note and demand top dollar from investors. Read more

Let’s Be Brutally Honest About Real Estate Notes

There is a difference between being honest and being brutally honest. For example, if I ask my wife if my new sweatshirt makes my gut look big, an honest answer might be “Kinda”. A brutally honest answer would be “No, your gut makes your gut look big.”

As someone who has taken literally thousands of phone calls from note holders, I’ve always been honest, but I’ve never been brutally honest, until today. Read more

Finding the Best Note Buyer Offer

When it comes to buying and selling mortgage notes the seller and note broker want the same thing… the best possible price!

That makes it tempting to blast out a quote request worksheet to every note investor in the directory. But wait! Consider the flip side before you hit that send button. Read more

Cash Flow Notes and 500,000 Motorcycles?

What does the world’s largest motorcycle rally have to do with cash flow notes?

Absolutely nothing!

Sometimes even note buyers need some R and R. So after riding 1300 miles (no trailers allowed) this week’s edition of Note Investor is coming to you from Sturgis, South Dakota. Read more

How to Broker Notes For Residual Income – Real Deal #159

Most cash flow notes are only sold once.

That means one deal and one finder’s fee, unless you’re lucky enough to find a seller that owner finances again! But that all changes with a partial purchase.

Here’s how one note was bought four times in Real Deal #159! Read more

3 Notes Mortgage Buyers Just Aren’t That Into

Private mortgages aren’t going to be perfect. Note buyers know this and that makes them pretty good at finding creative ways to safely buy mortgage payments.

But there are some notes and land contracts that just don’t make good investments. Save yourself time and marketing dollars by knowing the three notes that investors just aren’t that into. Read more

Non-Performing Real Estate Notes: Trash or Treasure?

A long, long time ago in a kingdom far, far away lived an efficiently-functioning secondary market.

Performing real estate notes were bought and sold, commissions were made, and all the king’s horses and all the king’s men made a great living and even Read more

How Much Money Will I Make in the Cash Flow Business?

 

 

 

 

 

 

 

It’s a fair question.

We find it’s the most popular with someone just starting out with cash flow notes. It’s also the most difficult to answer.

Nobody wants to just hear, “Well, that depends.” So here are Read more

What to Do When a Balloon Mortgage Payment is Due – Real Deal #158

Owner financed notes often include a balloon payment requiring the buyer to refinance in order to payoff the remaining amount due the seller.

But what options are there for notes when a balloon is due but the buyer can’t refinance? Should the seller consider extending? Read more

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