I love the beginning of the New Year. The possibilities seem endless. It is a blank slate and yours for the taking. Frankly, we don’t really need a new “year” to be the catalyst for making a change… but it sure helps and it’s as good of a time as any. If you are like me, I start the year with lots of good intentions. I am going to lose weight, cut back on diet sodas, join a gym, finally remodel my kitchen, make more money, and spend more time with family. The fact of the matter is … [Read more...]
New Seller Finance Bill HR 5301 Gains Support
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A new bill to help strengthen the seller finance industry is gaining support. Earlier this year the Seller Finance Coalition announced that HR 5301: The Seller Finance Enhancement Act had been introduced to the 114th U.S. Congress on May 19, 2016. The Bill proposes to increase the number of owner financed transactions exempt from regulation to 24 per year. The number of co-sponsors in Congress has steadily increased to ten. Congressman Williams outlined his support in the following … [Read more...]
The Most Important Task In The Note Industry
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It is 10:30am and I have wrestled with my computer for the 4th time. As I return to my home-based office from a coffee run (which is really just a short shuffle to the kitchen) I pass by the laundry room and realize that I really should get some laundry done at some point. Oh yea…I really need to get the tires on the Jeep checked. And a grocery run. Yep. Pretty much looks like the inertia of life is sucking up as much time as possible today. The problem? None of those items will … [Read more...]
Work the Note Business One Day a Week?
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We receive a lot of questions about the note industry. Some questions are about the potential money that can be made, some are about finding more notes, and some are about what it really takes to run a great note business. Despite creating hundreds of articles and/or videos, we always get a couple of core questions that people just (seemingly) don’t like the answer. One of the most frequent questions deals with “working the industry part-time.” Can you work the note business … [Read more...]
What I Would Change About The Note Industry
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Before I get into what I don't like about the note industry let me start with... What do I like “most” about the note industry? It is a frequent question people ask with numerous answers depending on where my head is at the time the question is posed. In no particular order it would be… Helping people Making money Passive income Crunching numbers Flexibility Feeling valued Creativeness Never boring Well compensated Teaching others Anyone can do it In looking back … [Read more...]
Note Buying For Insomniacs
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As the clock blinked 3:15 am, I only had two thoughts in my mind. One, I am really glad I do not live in the Amityville Horror house. Two, I can’t be the only one in the world that is sitting here waiting for the rest of the world to wake up and get some stuff done. It also led me to thinking… How can I create a note business that allows me to work whenever (and wherever) I want…even at 3:15 in the morning? Fifteen years ago that was a much more difficult answer… especially for the note … [Read more...]
The Note Industry Is Not That Hard
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8 out of 10 people are not going to like what I am about to say... The note industry is not that hard. You just need someone to show you the right path. I know that sounds insensitive, but you have to remember where I started from and why that gives me the right to comment as bluntly as I am right now. I was living in a 500 square foot apartment. I was waiting tables at night and taking classes at a local community college during the day. I was not a "great" student. If something … [Read more...]
Private Note Industry: Become a Broker or Buyer?
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When considering participating in the private note industry, you may have been wondering exactly “how-to" participate. First off, let’s review the players involved a typical real estate note transaction and how to get involved. The Note Seller This is the person that holds the note, is receiving payments, and wishes to sell future payments for a lump sum of cash. The only way to be the Seller in this type of deal is to be holding or creating notes. You can do this by selling or flipping … [Read more...]
Five Tips To Keep Your Note Business Professional
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Certainly the most popular question among note brokers (experienced and otherwise) is, “How can I find more notes?” What many people don’t ask is, “How can I have a professional note business?” The reason I think this is important is that one can impact the other. Keep you business professional and, surprisingly enough, some deals will actually find you. So, how do you make sure you have a “professional” image in the marketplace? Make sure you are following these... 5 Tips for a … [Read more...]
NoteWorthy Industry Achievement Award Interview
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Wondering what it takes to survive in the note business for 20 years? Read our interview with NoteWorthy Newsletter! Fred and I have been going through work and personal items in an attempt to control the ever growing amount of "stuff". While sorting through the memories there were a few definite keepers. One of these was the plaque I was honored to receive from Jon Richards, founder of the NoteWorthy Newsletter. The inscription reads: INDUSTRY ACHIEVEMENT AWARD Hereby bestowed this … [Read more...]
