People like “to do” lists and frankly, they are pretty darn effective. You have something written out just waiting to be checked off with an emotional satisfying swipe of the pen. So, without any further delay, here are three things you can do TODAY that can move your note business forward. To Do Item #1 - Write a letter to a potential referral source. Contact a real … [Read more...] about 3 Things You Can Do For Your Note Business Today
Archives for June 2012
I’m often asked what it takes to have a successful business buying and selling notes. Well my new answer might just surprise you... You Need a Lot of Quarters In You! What?!?!? Quarters? Yes, and let me explain. Remember the mechanical rides they used to have outside the grocery stores? Well when our daughter was small she loved to ride the pony after a trip to the … [Read more...] about Starting Your Own Note Business? Better Have a Lot of Quarters In You!
Any investor or note buyer looking to purchase a private mortgage is asking two big questions… 1. What is the likelihood of the payments continuing? and 2. What happens if the payments don’t continue? To answer these questions, note buyers look at a variety of factors. … [Read more...] about Note Buyers Have Two Big Questions On Their Mind
When considering participating in the private note industry, you may have been wondering exactly “how-to" participate. First off, let’s review the players involved a typical real estate note transaction and how to get involved. The Note Seller This is the person that holds the note, is receiving payments, and wishes to sell future payments for a lump sum of cash. The … [Read more...] about Private Note Industry: Become a Broker or Buyer?