They say that good things come in small packages. When it comes to investing in real estate notes, this can be very true for several reasons. For starters, this is one of the only investment opportunities I know where you can get in at a low cost of entry. For example, you can purchase a small note or even part of a note. I am not a franchise expert, but I am pretty sure Wendy’s isn’t going to sell me part of a store. Sure you can purchase larger notes, but not everyone wants to … [Read more...]
New Year’s Goal Setting for Note Investors
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As 2018 winds down, thoughts turn to 2019. There is no question that I am a big fan of goal setting for both short-term and long-term goals. At the end of each year, Tracy and I get together for an entire weekend and focus on what we want to accomplish the following year. The list is certainly not limited to ‘work’ related goals. Sure, that may be the majority of the list…and the primary purpose of the list, but personal goals are just as important. After all, life is about … [Read more...]
Risk vs Reward: What is Your Note Investing Hot Button?
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By now you have read an article or two (or ten) about the benefits of purchasing or brokering private notes. There is no debate that owning a cash flow can mean fewer headaches than actual real estate. But the advantages of becoming proficient in the note industry go well beyond just purchasing a note and getting a solid return. Here is just one of the really great features you won’t find at your local bank savings account… YOU Dictate The Terms Of The Note Investment. When you purchase … [Read more...]
Note Marketing During the Holidays?
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We often get asked, "when are the ‘hot times’ to market for seller financed notes?" I think people are often looking for a precise answer like “Oh, February 7th is the best day of the year!” Of course marketing is never really that precise… …but there are DOWN times that you will want to pay attention to while deciding how and when you are marketing. Why? Well, for starters, we always want our message to be read. Or, at the very least, the best possible chance of being read. If … [Read more...]
Top 5 Ways to Buy Mortgage Notes
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One of the things that make buying and selling mortgage notes so appealing is the multitude of ways an investor can purchase a note. Frankly, you are limited only by your imagination. Well, maybe imagination and reaching a desired yield. Here is a quick look at calculating the cash flow business that even those with math phobias will like. The Top 5 Ways to Buy Mortgage Notes 1. FULL – A full is just that. Buying the entire note. If the seller has 322 payments remaining, the investor … [Read more...]
Why We Don’t Provide Note Broker Mentoring
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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 get me wrong, we understand that people need support from time to time and we have even had pros provide assistance to … [Read more...]
Note Marketing: Two Out of Three Isn’t Bad
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Actually, it was the topic of a speech that I gave years ago, but as I revisit it in my mind, it seems that nothing has changed much. The premise is simple. When creating and executing a marketing campaign, you have three choices. Speed – How fast you want to get to market (or react to current topical trends). Cost – How much (in dollars) the marketing will cost you (including the creation). Quality – How great the note marketing piece will look. Every one of them is very … [Read more...]
Has Today’s Note Seller Really Changed?
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The real estate market went up and crashed back down. Bank lending dried up faster than water in the salt flats and... Robert Downey, Jr. has made three Iron Man films. So, with all these things going on, and more, it begs the question: How is today’s note seller different? The answer may surprise you. Nothing. Nothing has changed in the motivation of why a note seller would like to sell a note. People only sell real estate notes for two reasons. Happy People… Happy people … [Read more...]
10 Mistakes Note Brokers Shouldn’t Make
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What does it take to be successful brokering real estate notes? Start by avoiding these 10 Mistakes Note Brokers Shouldn't Make! Over the past two decades, I've had the benefit of seeing the note business from a wide perspective. From start-up home based broker to Assistant Vice President of Metropolitan Mortgage, President of the Cash Flow Association, and co-owner of Diversified Investment Services, I have participated as a broker, investor, and educator. I could spend hours discussing … [Read more...]
Rare Opportunity for Today’s Note Buyers: Small Mortgage Notes
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If you are just starting out in the note industry, and looking for great returns on your money, some cash in the bank certainly helps you get started as a note buyer. But what if you don’t have a lot of money to invest? What if you are just getting your feet off the ground, maybe saved a few bucks, but are certainly not “loaded” and looking to invest all your money in one big note? Small Mortgage Notes (with a rare opportunity). First off, small notes in general can often lead to bigger … [Read more...]
