How to buy, sell, broker or invest in private mortgage notes for cash flow!
What if I told you there was a lab in Sweden that, for less than $400, will efficiently replicate you? Imagine your marketing efforts duplicated to help you get more note deals. Think about it. A single effort on your part is now reaching a multitude of people – all getting your message. Would you be in? If you were like most people (and me), you would say, “Yes, sign my up!” in a second. The fact of the matter is we are not talking about gene splicing or genetic surgery. … [Read more...]
In what seems like a lifetime ago I learned a very important lesson about investing money. It doesn’t have to be yours. Which was good, because at the time, I didn’t have any money. Well, I had some money, but certainly nothing close enough to purchase my very own private mortgage note. Let me back up for a minute. If you have been cruising around this site, you are probably long since sold on... The Idea of Buying Mortgage Notes Why? … [Read more...]
Is it effective to use list building, emails, and content marketing to find note holders and turn them into sellers? Recently a note broker asked a series of really great questions and you'll want to read the answers! "I understand the concept from your article 7 Essential Tips For Marketing Your Note Business Online but how do these ideas fit with a note broker or consultant? Who are you actually gathering names from for your list? Would they be note holders who you hopefully could turn … [Read more...]
One of the most common items new note brokers run into is they start seeing the “For Sale By Owner” or FSBO signs pop up around them. Granted, those signs have always been popping up, but now that you are in the note business you begin to see some additional opportunities. But are they good opportunities? The existence of a “For Sale By Owner” sign does not necessarily equal a potential cash flow note deal. If anything, it may be a distraction. Let me explain. 1. “For Sale … [Read more...]
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 Carry). I was informed they are working with a note investor that is willing to buy a note for par. I don’t … [Read more...]
Ever feel like you spend too much time determining if you have a viable seller financed cash flow note to either broker or keep for yourself? Not me. I tend to look over a real estate note and make a pretty rapid decision. So, how do I do it? First off, I tend to go for the big stuff first. You know, 30,000 foot level. It is easy to get caught up in the details that won’t really matter when it comes times to make a decision. But let me back up for just a minute and explain what I … [Read more...]
Want to find seller carryback notes? Check out this interview with Mike Wood of NoteDocs, a company specializing in providing private mortgage note holder leads to note brokers. What is the current focus of NoteDocs? Mike Wood: The current focus of NoteDocs is to offer two services to note brokers in the cash flow notes industry. First we strive to offer noteholder lead data that provides quality leads for those interested in doing direct mail campaigns. Second, I personally strive to … [Read more...]
Certainly the most popular question among note brokers (experienced and otherwise) is, “How can I find more notes?” What many people don’t ask is, “How can I have a professional note business?” The reason I think this is important is that one can impact the other. Keep you business professional and, surprisingly enough, some deals will actually find you. So, how do you make sure you have a “professional” image in the marketplace? Make sure you are following these... 5 … [Read more...]
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. … [Read more...]
Wondering if courthouse research is a good for finding notes? It seems this question is making the rounds again, which is undoubtedly due to someone selling a “How To Find Notes at the Courthouse” training course for note brokers. Let me start by asking a question in return. Pardon my directness but… What year are we in? Is it 1981 or 2011? … [Read more...]
