The act of buying privately held mortgage notes is a lot of things to a lot of different people. For some, it is a means of investing money and getting a good return on that investment. These ‘Investors’ prefer a predetermined return on investment, backed by real estate, without the hassles of owning real estate. Owning real estate, particularly rental properties, … [Read more...] about Are You In The Note Business For The Wrong Reasons?
How Much House Can the Buyer Afford?
Many sellers accept owner financing without any idea of how much the buyer can actually afford to pay. The last thing a seller wants is to stress over receiving monthly payments or worse, getting the property back through foreclosure. Use these three simple methods to determine how much the buyer can afford before accepting seller financing. The amount a buyer can afford to … [Read more...] about How Much House Can the Buyer Afford?