Cash Flow Expo is only one week away but before we get into any of that we have to ask you a really odd question... ...Do you remember as a kid spending hours carefully stacking dominos one after another in a row until at some point you knock over the first one and watch them all fall down? I would spend hours setting it up. Later, as it got more ‘advanced’ you would incorporate other objects; have dominoes fall off tables and chairs, slide across a plate, even flip a light … [Read more...]
Purchasing Small Notes Can Equal Big Profits
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They say that good things come in small packages. When it comes to investing in real estate notes, this can be very true for several reasons. For starters, this is one of the only investment opportunities I know where you can get in at a low cost of entry. For example, you can purchase a small note or even part of a note. I am not a franchise expert, but I am pretty sure Wendy’s isn’t going to sell me part of a store. Sure you can purchase larger notes, but not everyone wants to … [Read more...]
Are You Positive?
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If you have been sitting on the sidelines, waiting for an opportunity to jump back in the real estate or note investing game, you need to read this. The opportunity is now. I am not saying we have come full circle to the golden years of real estate and note buying, but I don’t need them to the that good…I just need them to be profitable. Very profitable. So, why now? Just look around. New houses are being built. Now, the last time I checked it was not any cheaper to build a house … [Read more...]
Meet Note Buyer Troy Fullwood of Pinnacle Investments
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We are pleased to share this investor interview from the Directory of Note Buyers and introduce you to Troy Fullwood, owner of Pinnacle Investments. Troy learned the ropes flipping notes in the late 90s and then started buying notes in-house. Based in Arizona, Pinnacle Investments buys nationwide and will consider both performing and delinquent real estate notes that were created through seller financing or loan origination. What is the current investing focus of Pinnacle Investments? Troy … [Read more...]
What’s In Your Note Buyer Transaction Checklist?
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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 diligence phase. This provides the investor time to verify important information including current taxes, insurance, clear … [Read more...]
Government Shutdown, Breaking Bad Finale and Buying Notes
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Just the other day millions of people watched the series finale of Breaking Bad. The same week we were able to watch our government spin its own version of “breaking bad.” As of this writing, the folks in Washington are still entrenched in a sandbox fight that 6-year-olds would envy. Not going to jump in here and place blame on either party (both) and I am not going to elaborate on how we may solve such incompetence in the future (term limits), but I will address the cause and effect it … [Read more...]
Reliant Financial Gets Creative When Buying Notes
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Reliant Financial Inc. has been a principal buyer of seller-financed notes for over 18 years. We were honored to talk with David Krunic, Founder and President, on their current investment guidelines and referral programs. Generous with his time and known for his straightforward approach, you are sure to pick up valuable tips for brokering, selling, or investing in notes. What unique benefits does Reliant Financial provide? Dave Krunic: We are direct, fast, creative and flexible! 1. You will … [Read more...]
First Rule of Note Buying: It Is Never Too Late
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The year is flying by, isn’t it? All those priority lists, New Year’s Day resolutions, To-Do Lists, and Post-It note quotes stuck around the house have all but been worn down by the everyday life. So, how are you doing on your goals? Are you on track or did “life” get in the way? The good news is that you can re-boot your business any time you want! This is only the midpoint of the year (Happy July 4th by the way) – and there is still time to pull it off! So, how do you get back on … [Read more...]
Invest in Real Estate Or Mortgage Notes?
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Sit around any after-hours event at an industry convention and you will soon find a heated debate about investing in Real Estate vs. Private Mortgage Notes. Oftentimes people are in one camp or the other (myself included). But which one is better? Well, “better” really depends on your personal investing style. Are you the kind of person that needs to see and feel the asset? Do you want to drive by the property on a regular basis to be sure that it has not burned down? Or, are you the … [Read more...]
Rare Opportunity for Today’s Note Buyers: Small Mortgage Notes
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If you are just starting out in the note industry, and looking for great returns on your money, some cash in the bank certainly helps you get started as a note buyer. But what if you don’t have a lot of money to invest? What if you are just getting your feet off the ground, maybe saved a few bucks, but are certainly not “loaded” and looking to invest all your money in one big note? Small Mortgage Notes (with a rare opportunity). First off, small notes in general can often lead to bigger … [Read more...]
