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?
How to Buy and Sell Mortgage Notes
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
What is a Good ITV?
Sellers and investors often ask what ITV (Investment to Value) they should target when buying or selling a private real estate note. You may have seen that some note investors claim they will go 85, 90, even 95 percent ITV. Frankly, I have yet to really meet them when it comes down to funding a deal in the current market. As a refresher, the ITV represents how much is invested … [Read more...] about What is a Good ITV?
Is 2009 a Good Time to Buy Owner Financed Real Estate Notes?
This question is on the minds of many investors right now. With real estate values down and banks restricting credit, there are more seller-financed notes available. Although there is never a crystal ball, if you buy notes at a good ITV you have the opportunity for high yielding investments. Here are a couple things to look for... … [Read more...] about Is 2009 a Good Time to Buy Owner Financed Real Estate Notes?
Firm Offer or Soft Quote?
Wonder whether you are receiving reliable pricing when submitting a qoute request worksheet to a note investor? Here's how to know if it's a firm offer or just a soft quote when going to sell a note. … [Read more...] about Firm Offer or Soft Quote?
