There are many types of people who go into the Note Business - different ages, different interests, and different motivations. You can sit around guessing the level of success each will get in the beginning but experience has taught me that this is not possible. I have seen well-educated people do nothing. I have seen seemingly “unqualified” people enter the note business … [Read more...] about Building Your Note Business Requires Putting One Foot Forward
What’s Holding You Back, Fear or Ignorance?
I saw this subject line earlier in the week and it stuck with me. There really are only two things that can hold us back from success in the note business… Fear or Ignorance … [Read more...] about What’s Holding You Back, Fear or Ignorance?
Note Buyers Have Two Big Questions On Their Mind
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
Private Note Industry: Become a Broker or Buyer?
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 only way … [Read more...] about Private Note Industry: Become a Broker or Buyer?
Is For Sale By Owner The Best Place to Find Notes?
One of the most common items new note brokers run into is they start seeing the “For Sale By Owner” or FSBO signs pop up around them. Granted, those signs have always been popping up, but now that you are in the note business you begin to see some additional opportunities. But are they good opportunities? The existence of a “For Sale By Owner” sign does not necessarily … [Read more...] about Is For Sale By Owner The Best Place to Find Notes?