Let’s face it; there are a million different jobs and occupations out there. Finding the right one that meshes with both your personality and income desires can be tough. Search long enough and you will come across the cash flow industry – or in this case – specifically the segment of the industry where people by and sell private mortgage notes. Let’s take a minute and separate some of the hype from the facts and try to portray a typical “day in the life” of a note broker to help you … [Read more...]
Archives for April 2013
Five Reasons No One Knows You Buy Notes
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When someone new to the note industry tells me, “I have yet to find a note,” I have to wonder if they are even trying. Ok, that might have sounded a little rude – that is not my intent. I could understand someone saying they are having trouble finding “buyable” notes. But even with a small amount of marketing, and dumb luck, you should be seeing some notes. When I first started my mortgage note business in a 500 square foot apartment most of what I saw in the beginning was junk. It took … [Read more...]
Should You Really Sell Your Mortgage Note?
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With all the talk about buying and selling notes, does anyone actually take a pause to see IF they should sell their private mortgage note? Course the usual short answer is, “Well, depends on how much I can get for it.” – In reality, you might want to delve a bit deeper. Ask yourself the following five questions when deciding to sell. Did you want to carry back the note in the first place? Many people never wanted to become note holders to begin with. They may have taken back the note to … [Read more...]
