Before spending money on marketing for notes review your message. Effective marketing must address the needs of the note holder. This puts the attention on the customer not you. Design materials that focus on the needs and wants of the note seller rather than how great you are. Appeal to the basic human desires to have money, feel happy, save time, feel better or improve … [Read more...] about Deliver an Effective Marketing Message
Note Buying Blog and Articles
Note Marketing – How to Target Direct Mail Prospects
Mailing to a list of sellers that provided owner financing is a proven method for cultivating deals that earn commissions from note investors. But what are the best criteria for targeting a direct mail campaign in the current economic environment? This type of question flooded the email inbox after writing about the list services of Fidelity National Data Service in the … [Read more...] about Note Marketing – How to Target Direct Mail Prospects
Where Can I Find Owner Financed Notes?
It’s great to make money and earn commissions in the note business but first you must find deals! One tried and true method of finding notes is targeting a list of existing note holders with a direct mail campaign. It sounds simple enough. Obtain a list of note holders and mail them a letter or postcard offering to provide cash now for the purchase of future … [Read more...] about Where Can I Find Owner Financed Notes?
Owner Financing – How to Finance Older Mobile Homes
Have you have ever tried to finance a mobile home manufactured before 1976? You probably felt like it would be easier to sell snow cones in Antarctica! Fortunately owner financing and private mortgages offer creative alternatives for hard to finance mobile homes. When purchasing a new mobile home financing is often offered through the dealer or retailers. Approved … [Read more...] about Owner Financing – How to Finance Older Mobile Homes
Three Challenges to Mobile Home Loans
If you think the credit crunch has made it hard to obtain a home loan just multiply by 10 or more when searching for a mobile home loan. Mobile homes can provide affordable housing options but are continually turned down for bank loans leaving sellers and buyers searching for alternative financing solutions. … [Read more...] about Three Challenges to Mobile Home Loans
Cashing in on Experience – Using Master Broker Services
Whether you are new to the industry or a seasoned veteran, a helping hand is always appreciated. This is especially true when entering into the owner financed mortgage industry as a new note broker. Why spend years recreating the wheel to gain the knowledge you need to make money today? Take advantage of the knowledge, experience and volume pricing offered by a Master Broker … [Read more...] about Cashing in on Experience – Using Master Broker Services
Owner Financing – Why Balloon Payments are Good for Mortgage Notes
A balloon payment is a common addition to an owner-financed note, mortgage, trust deed or land contract. Savvy sellers, real estate professionals, and note brokers know this is by design rather than accident. Here’s why balloon payments can be good for mortgage notes: (Editor's Note: Please be sure to read the updated comments at the end of this article pertaining to changes … [Read more...] about Owner Financing – Why Balloon Payments are Good for Mortgage Notes
Owner Financing – Avoiding Balloon Mortgage Pitfalls
Using a balloon payment with owner financing can be a valuable addition to a mortgage note or land contract. Unfortunately many sellers and buyers unknowingly combine a balloon payment with high risk factors turning a positive into a negative. Be sure to avoid these common pitfalls when considering seller financing with balloon mortgages. Five Balloon Mortgage … [Read more...] about Owner Financing – Avoiding Balloon Mortgage Pitfalls
Owner Financing – 21 Insider Secrets You Must Know Before Selling a Mortgage Note
What if you had inside information? What if there was someone who really knew the secrets that could make or save you thousands of dollars? Well, there is... The time has arrived to remove the cloak of mystery surrounding selling or brokering notes. There are simple truths surrounding owner-financed notes that should be revealed. Too many people leave money on … [Read more...] about Owner Financing – 21 Insider Secrets You Must Know Before Selling a Mortgage Note
Gain Privacy and Protection with Land Trusts-Part 2
Investors interested in building wealth by controlling equity in property are using the Land Trust to utilize the many benefits previously outlined in Part 1 of Gain Privacy and Protection with Land Trust. Investors often use the Land Trust as the safe and easy vehicle of preference by not awakening the institutional “sleeping giant” - the infamous due on sale clause contained … [Read more...] about Gain Privacy and Protection with Land Trusts-Part 2