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...]

Selling Mortgage Notes – Mortgage Donation Or Write Off?

Someone wants to sell their mortgage note but they haven't received payments for a year, are in second position, or facing foreclosure. They need help but what can be done? Here is an option for non performing mortgage notes you might not have heard about...donating to charity.  Our guest author works with a non profit organization with a unique solution to defaulted notes. (Editor's Note: This article is not intended as legal or tax advice.  Please seek the assistance of a competent … [Read more...]

Buying and Selling Notes – What is the Current Property Value?

One of the considerations when buying and selling mortgage notes is knowing the current value of the home. After all, the property is the collateral and knowing its true value will greatly affect how much an investor will pay for a note. Historically this process was a bit easier, when everything was in an "up" market.  But with property values still on the downside or just recovering, it is often difficult to put a (safe) number on it. At least one that everyone agrees on. Although there … [Read more...]

Questions on Selling Mortgage Notes

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...]

Quoting Cash Flow Notes

When it comes to quoting and buying mortgage notes there are basically two camps of note brokers. One camp takes the “Quote on the Fly” approach, while the other has the “No Note, No Quote” mentality. … [Read more...]

How to Negotiate Cash Flow Notes

One of the more popular questions, after “How do I find notes?” is “How do I negotiate with a note holder?” Since the cash flow business affords consultants the ability to determine their own fee, many new note brokers feel challenged on how to present an offer. These 5 tips should help you be that much closer to closing the deal! … [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...]

How to Sell Your Mortgage Note

Tired of receiving monthly payments? Wishing for a lump sum of cash today? If you sold property with seller financing chances are you’ve wondered about selling the real estate note. Here’s how to sell a mortgage note, trust deed, or contract in 7 easy steps. Step #1 - Request Quote Just complete a short informational worksheet to receive a free no obligation quote. This can be submitted online, by fax, or over the phone. Click Here for a List of Note Buyers Click Here to Download a … [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...]

How Much Will You Pay For My Note?

If you buy or broker notes, you know pricing is the first thing sellers ask when looking to cash-out their payments from a seller carry back. Discover what sellers are really asking and the best way to answer the “What’s Your Discount” question. It’s natural for sellers to want to know the amount of money they will receive to sell future payments on a contract or mortgage. After all, it is the need for cash that made them make the call in the first place. But if you listen closely, you … [Read more...]