If you plan to buy mortgages or want to take your note broker business to the next level then learning your way around a financial calculator is a big plus. As many of you know, Fred and I are a house divided when it comes to... Choosing the Best Financial Calculator. Fred likes the Texas Instrument Financial Analyst and I am a die-hard HP12C user. Recently a fellow HP … [Read more...] about Does This Financial Calculator Make Me Look Old?
Calculating Cash Flow Notes
If you plan on selling or buying mortgage notes the pricing will eventually come down to some important cash flow calculations. If you get cold chills or high school flash backs thinking about math you can always leave the number crunching to the note buyers. However, I challenge you to get outside your comfort zone and give these exercises a try. Why? Well knowledge is … [Read more...] about Buying Mortgage Notes: 7 Tips for Calculating Cash Flow Notes
I have written before about how note buyers accelerate payments on cash flow notes. One such strategy was the Double Your Payment/Cut The Interest Rate in Half. Another method is to simply go for an Early Payment With Incentive. To this day, the following situation is still my favorite example of this method. It was late December and we were looking at a small note … [Read more...] about Calculating Cash Flow Notes and a Contest!
Holding or buying mortgage notes and want a quick way to accelerate your return? Sure, you can’t go back to your payer/buyer and tell them to mail more money or even increase their interest rate. Matter of fact, you purchased the note “subject to” all the terms and conditions already in place and can’t change a thing…unless the payer wants to change them! Try … [Read more...] about How Note Buyers Can Accelerate Return
In 1996 I was in the room with some of the brightest investors of our time. They batted around terms and strategies that left my head spinning and my hand sore from writing down as many notes as possible. I distinctly remember, just before ending the day, someone (not me) made a comment that brought everything to an abrupt halt. “If I buy a note that pays for 10 years … [Read more...] about The BIGGEST Mistake Investors Make When Buying Cash Flows