Welcome to Real Deals! It’s always easier to learn from real life so here we share note investing information from actual owner financed transactions. When the mortgage balance is greater than the property value a partial purchase can rescue the purchase of a seller financed note. Watch the video below and discover solutions to overcoming 3 challenges on this real deal in … [Read more...] about Split Payment Partial Rescues Note Purchase – Real Deal #153
How to Buy and Sell Mortgage Notes
Congratulations! The seller has accepted your offer to buy their note payments. Now what? The 3 Phases of Note Buying The purchase of a private mortgage note goes through three main phases before closing and funding. First is the quote request. Next up is the preliminary approval process. Once a transaction has received preliminary approval it moves into the due … [Read more...] about What’s In Your Note Buyer Transaction Checklist?
I am not going to lie, it really sucks doing things on your own. I suppose there is some person in this world that would like nothing more than to be left alone, sit in a room, and learn the note industry…but I doubt at the end of the day they would be very good at it. When I look back over my note business career, there were several quantum leaps. Each of these leaps was … [Read more...] about You Are Not Alone In The Note Business
Ever wonder why note buyers are such sticklers for requiring proof the property is insured against fire or other hazards? Well have I got a story for you... Pulled from the archives, this Burn to Learn war story seems timely. Why? There seems to be an influx of deals recently where property insurance is holding up closing. Nothing is a better teacher than real life … [Read more...] about Note Buyer Burns To Learn
Buying and selling mortgage notes is all about receiving those monthly payments. Keeping accurate records will show how much the buyer still owes along with their payment habits. Plus, it improves the value of the note to investors. … [Read more...] about Note Buyers Love Payment Histories