Every day people contact us asking about seller financing. Often they are interested in making money as a broker with cash flow notes. Increasingly we find it is sellers looking to sell a property fast or buyers wanting to purchase a home without a bank loan. But where do you turn for real answers that won't break the bank? … [Read more...]
Obtain Pricing on Notes in 3 Easy Steps
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What is a fair price for a cash flow note in today's market? Here are 3 easy steps that brokers and sellers can use to receive pricing before they sell a note. … [Read more...]
Owner Financing – The Top 3 Reasons for Seller Financing
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All things being equal, the average seller would prefer to sell a property and walk away from closing with all cash rather than a note for part of the sale price. Then why do sellers agree to take back financing? Here are the three most common reasons behind the installment sale. … [Read more...]
Scripts and Tips – A Handbook for the Serious Note Broker
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Learn to negotiate and earn fees like a seasoned professional! In this handbook Jeff Armstrong shares with you how he runs his one-person note business including finding notes, gathering information and negotiating. Never struggle over what to say to a note holder again! Jeff has also included valuable scripts, tips and forms that will put you on the fast track to success as a Real Estate Note Broker! The contents of this valuable 50+ page manual include: Direct Mail … [Read more...]
Note Marketing – How to Target Direct Mail Prospects
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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 article entitled Where Can I Find Owner Financed Notes? Rather than waste valuable marketing dollars, note brokers … [Read more...]
Owner Financing – Why Balloon Payments are Good for Mortgage Notes
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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 in market conditions related to balloon payments since this article was initially published. Also refer to How Dodd … [Read more...]
Owner Financing – 21 Insider Secrets You Must Know Before Selling a Mortgage Note
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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 the table through lack of information. Worse yet, others prey on that lack of knowledge. Whether a note seller, buyer, … [Read more...]
