3 Tips for getting your mortgage note business found online using Google Places and Local Maps. When was the last time you used a phone book? Chances are you’re more likely to use it as a booster seat or doorstop than to look up a business. Online search has quickly replaced the yellow pages. In fact many cities like Seattle are looking at requiring opt-outs for phone book … [Read more...] about How to Use Google Places for Your Note Business
buying mortgage notes
How to Build MIStrust in the Note Business
Sometimes people just make more work of things than need be, and the note business is no different. I was in the bookstore yesterday. Not looking for anything in particular, but was amazed at the amount of networking books and books in particular about how to build trust among clients and prospects. For me, it seems easier (and more fun), to simply point out the ways you … [Read more...] about How to Build MIStrust in the Note Business
Buying Mortgage Notes: 7 Tips for 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
Calculating Cash Flow Notes and a Contest!
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!
How Note Buyers Can Accelerate Return
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
