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...] about Quoting Cash Flow Notes
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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...] about How to Negotiate Cash Flow Notes
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 … [Read more...] about Let’s Be Brutally Honest About Real Estate Notes
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 … [Read more...] about How to Sell Your Mortgage Note
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? Here’s a look at a common dilemma facing sellers and note brokers. (Note: The specific details were … [Read more...] about What to Do When a Balloon Mortgage Payment is Due – Real Deal #158