In the words of many savvy real estate investors, “You make money when you buy a property not when you sell.” But when investing in notes we are not buying the property itself. Rather we are purchasing the right to receive the remaining payments. However, the note payments are secured by a lien on the real estate. If things go South and the payer stops making payments then … [Read more...] about Estimating Real Estate Value When Buying Notes
Archives for 2014
Why We Don’t Provide Note Broker Mentoring
I don’t think a week goes by that someone doesn’t call or email us to “mentor” them as a note broker. I get why they call. We have been around for a long time, done lots of note buying deals, and like sharing information. So, why don’t we mentor people? Well, the answer may surprise you… We don’t really believe in expensive mentoring programs for note brokers. Don’t … [Read more...] about Why We Don’t Provide Note Broker Mentoring
Selling Mortgage Notes? Find the Right Note Buyer!
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...] about Selling Mortgage Notes? Find the Right Note Buyer!
Does Social Media Really Help Your Note Business?
This week Patrick Clark at Business Week penned the following statement based on a recent [flawed] release of a Gallup Poll… “Tweets, Likes, and Shares Don’t Make Us Buy Stuff, Americans Say.” Of course the Gallup report was also deeply flawed with old data (circa 2012), and no one should have been surprised when people were asked if they are influenced by ads they … [Read more...] about Does Social Media Really Help Your Note Business?
Dodd-Frank Fallout: Colorado Removes Seller Financing Provision From Contracts
Colorado... Where it’s easy to buy marijuana but hard to sell a home with seller financing. In reaction to the Dodd-Frank Act, the Colorado Real Estate Division has issued a bulletin on the removal of the seller financing provision in the state regulated Contract to Buy and Sell Real Estate. While the creation of new seller-carry notes is holding strong since the … [Read more...] about Dodd-Frank Fallout: Colorado Removes Seller Financing Provision From Contracts