Split Payment Partial Rescues Note Purchase – Real Deal #153

Welcome to Real Deals! It’s always easier to learn from real life so here we share note investing information from actual owner financed transactions. When the mortgage balance is greater than the property value a partial purchase can rescue the purchase of a seller financed note.  Watch the video below and discover solutions to overcoming 3 challenges on this real deal in Texas. … [Read more...]

What’s In Your Note Buyer Transaction Checklist?

Congratulations! The seller has accepted your offer to buy their note payments. Now what? The 3 Phases of Note Buying The purchase of a private mortgage note goes through three main phases before closing and funding. First is the quote request. Next up is the preliminary approval process. Once a transaction has received preliminary approval it moves into the due diligence phase. This provides the investor time to verify important information including current taxes, insurance, clear … [Read more...]

You Are Not Alone In The Note Business

I am not going to lie, it really sucks doing things on your own. I suppose there is some person in this world that would like nothing more than to be left alone, sit in a room, and learn the note industry…but I doubt at the end of the day they would be very good at it. When I look back over my note business career, there were several quantum leaps. Each of these leaps was less about solitude and more about interaction…interaction that stimulated action. When I started, I was learning how … [Read more...]

Note Buyer Burns To Learn

Ever wonder why note buyers are such sticklers for requiring proof the property is insured against fire or other hazards? Well have I got a story for you... Pulled from the archives, this Burn to Learn war story seems timely.  Why? There seems to be an influx of deals recently where property insurance is holding up closing. Nothing is a better teacher than real life experience, but perhaps I can spare you from getting burned. The Note and Trust Deed Investment It was a 1940s bungalow style … [Read more...]

Note Buyers Love Payment Histories

Buying and selling mortgage notes is all about receiving those monthly payments. Keeping accurate records will show how much the buyer still owes along with their payment habits.  Plus, it improves the value of the note to investors.  … [Read more...]

MY FRIEND, THE INTERNET – Real Estate Notes

A friend keeps you from making poor decisions, is there in your times of need, and can be a good source of information. Based on this criteria, I consider the internet to be my friend. Yes, the cold, impersonal, most definitely non-human internet has my back. Best thing is, it can and will be your friend, too. … [Read more...]

Get Reliable Pricing When Selling a Mortgage Note!

Wondering whether to trust the pricing for the sell of a mortgage or land contract? Here’s how to know if it’s a firm offer or just a soft quote when going to sell a private mortgage note. … [Read more...]

Top 5 Articles on Seller Financing

Owner financing was a hot topic in real estate last year and all indicators point to increased demand in 2010. In search of alternative financing methods, … [Read more...]

Obtain Pricing on Notes in 3 Easy Steps

What is a fair price for a cash flow note in today's market? Here are 3 easy steps that brokers and sellers can use to receive pricing before they sell a note. … [Read more...]

How to Find Private Mortgage Notes

So you have completed some sort of educational training to learn how to buy or broker notes in the cash flow business. You know, a live training, a series of CDs, or a home study course. If you own the popular Personal Profit Series: Notes then you already have the proven marketing methods and materials you need. If not, you might be left wondering how to find private mortgage notes to broker or purchase for your own account. Well, finding notes really is the biggest part of the business. … [Read more...]