Selling Mortgage Notes? Find the Right Note Buyer!

Note Investors fall into one of four groups, but which one is right for you? Safe to say it’s not “The Posers!”

Here’s a look at each group including tips for finding and selecting the best note buyer.

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Foreclosures Create Owner Financing Demand

Over 2.8 million properties were slapped with foreclosure filings in 2009 – a staggering 120 percent increase in the past two years.

Discover why this bad mortgage crisis increases demand for seller financing and opportunity in the cash flow note business. Read more

3 Ways To Make Money and Earn Fees in the Cash Flow Business!

Many people have heard about the cash flow industry but don’t really know how the average person can profit from it. There are basically three methods for handling the fees paid to cash flow brokers or consultants, as follows:

1. Referral Fee
2. Establish Your Own Fee
3. Set Commission Fee

Referral Fee

Pros: Very Little Paperwork/Time
Cons: Typically smaller commissions
Cash Flows: Most cash flows can be handled on a referral basis

The Referral Fee structure is the easiest, particularly if you already have a full time job or have limited extra hours in the day.

With the Referral Fee structure you simply find a deal and refer it on to a single Funder or Master Consultant that accepts referrals. Read more

Three Big Secrets to an Online Cash Flow Business

Here is the real deal: Most Cash Flow Consultants DO NOT have a strong online business.

You probably know the Internet is the place to be with your cash flow business. It is open 24/7 and it can work tirelessly providing you leads and getting your name out there. You may even have a website already in place.

Chances are, if you are like most cash flow consultants, you have little presence, no presence, or horrible presence. The latter just might be the worse.

There is nothing worse than building a web page, launching it, and seeing nothing happen. Where is the traffic? Where are the leads (and consequently, the deals)?

The good news is there something you can do about it!

Although I could write an entire book about what is wrong with some sites, here are the top three things that can improve your web presence and build you more contacts right away.

1. Does the site look unprofessional? - This is just a fancy way to ask if the site is ugly. I got it, you wanted to use pink or show a picture of your granddaughter at Disney World. Go get your own personal blog and put that stuff there. If you are trying to convey you can handle financial transactions, leave the flowers and Hello Kitty pictures at home.

Searching for a professional looking website for cheap? Check out the templates provided by StudioPress. Their themes run on a WordPress blog platform (which is free). I purchased the Pro Plus All Theme package and it has paid for itself 100 times over! Sign up for StudioPress Here.

2. Do you have too many cash flows? – You and I both know we have the ability to handle many different types of cash flows, including real estate notes, factoring invoices, structured settlements, and the list goes on. Your client is only interested if we can handle their specific cash flow or need.

If I put an advertisement in the paper that said, “I mow lawns and clean pools” you might give me a call. If your website is the equivalent of, “I mow lawns, clean pools, fix cars, and perform plastic surgery” you have too much info.

Consider having a different site for each cash flow you work with (see why I said “developer package” in #1). Don’t worry about the cost. I use HostiCan – providing unlimited websites for one hosting price! Sign up for HostiCan Here.

3. Are you keeping in touch? – If you are not collecting names on the Internet and emailing useful information on a regular basis (but not too often) you are missing deals.

I use Aweber. In addition to managing your database, Aweber can split test email campaigns using different sign up forms.

Aweber is a very powerful tool that goes way beyond name collection. They also have a ton of helpful videos. Sign up Here.

Having an online cash flow business can be a very rewarding and profitable venture. But you must conduct yourself professionally and use the right tools. It took me many years to get a handle on the Internet, and many more to find the best tools. Hopefully you will find these resources as useful as I have in building your cash flow business online.

Which Note Broker Are You – Traditional or Online?

Ask someone that has been in the Cash Flow Industry for more than 15 years about changes in the industry and you will likely get two different answers.

One group will suggest that, with the invention of the Internet, the industry has “evolved.” The other group may suggest that, with the recent downturn in the economy, the industry has come full circle.

Both groups would be correct although they Read more

Top 7 Benefits of Working in the Cash Flow Business

You may have heard a little about the cash flow industry in magazines, on television, or from a friend. You may be wondering if it is something right for you to pursue.

Here are the top 7 benefits of working in the cash flow industry (in no particular order).

1. Work When You Want – Although working in the cash flow industry should be treated as a business, it is a flexible one. You set your hours. Are you a morning person? Ta Da, you get to work mornings! Are you a night person? Ta Da, you get to work more during the evenings. Perhaps you want to golf in the morning or pick the kids up from school in the afternoon – you just need to work around your own schedule and meet the needs of your customers.

2. Funders Are Very Helpful – Most of the work (I mean as much as 80%) is really spent “finding” deals. Once you have found a viable cash flow deal many Funders and Master Brokers will be glad to help you close the deal and handle most of the paperwork.

3. Work From Home – Over 90% of all cash flow professionals work from their homes. This not only saves money, it also provides you some flexibility. Like when the cable repair person will only give you a window of 10:00am – 4:00pm to come by (no taking the day off work)! 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. There are plenty of funders and industry providers that can assist you in closing a deal, but first you have to find a “buyable deal.” Read more

Note Investor Spotlight: Alaska Financial Company Buys Notes in 23 States!

Alaska Financial Company and McKinley Mortgage Co., LLC are using a unique private placement fund to purchase seller financed notes. Active in the cash flow business since 1989, they have funded over $61 million in private notes and loans.

Note Investor (NI) recently interviewed Tobias Preston (TP), President, to learn more about the services and investment parameters offered through his company. Note brokers interested in earning commissions for the referral of notes, trust deeds, and contracts will be excited to work with this note investor. Read more

Considering a Career as a Note Broker? Here Are 5 Things You Should Know!

You probably have heard you can make great profits buying notes, if you have your own money.

But what if you need to MAKE money before you can think about investing? A career as a note consultant may be the answer for you. Read more

Become Your Own Investor!

“You can make a living brokering notes but you get wealthy owning notes!” This statement from a pioneer note investor provided one of those “light bulb” moments. Determined to start owning notes, I left a ten-year “job” in the corporate note buying world to start my own note business in 1997.

Note ownership and long term interest income are truly attainable with little to no investment of your own cash funds. But how does a note broker start making the move to note owner? Here are five strategies that helped us to make money and become our own investor. Read more

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