Welcome to Note Investing Real Deals! It’s always easier to learn from real life so here we share information from actual owner financed transactions. Today, we're discussing a balloon note in Florida. It was a nice home in Florida with the seller asking $234,000. The buyer was eager to purchase the property and had saved almost 10% for a down … [Read more...] about Real Deal #142 – Balloon Note in Florida
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What’s the Big Deal with Note Rates?
The interest rate a seller agrees to accept when providing owner financing to the buyer has a large impact on the note’s value. Unfortunately, many sellers overlook this important decision. Here’s why the interest rate on a note is such a big deal. Inflation Fighter Each year it seems the cost to buy the basics just keeps going up. It’s not your imagination; it’s … [Read more...] about What’s the Big Deal with Note Rates?
The State of the Note Industry
Around the country real estate markets have softened leaving a glut of inventory, decreasing values, and extended marketing times. The result? More sellers are offering to finance a portion of the purchase price for the buyer in an effort to “Move that House”! While sellers are motivated, lenders on the other hand are hunkering down or running scared. In the face of the … [Read more...] about The State of the Note Industry
Outside Closings Protect Sellers!
When an investor has performed their research and is ready to purchase a private mortgage note they will ask the seller to deliver original documents and sign the assignment package. The investor will want these original documents before the funds are released to the seller. A note seller will understandably wonder “How do I know I will ever receive my money once I turn over … [Read more...] about Outside Closings Protect Sellers!
Moneymaking Opportunities with Notes!
Whether a seller, investor, or note broker, there are many opportunities to make money with owner financed or seller carry back notes. There is a lucrative secondary market for seller financed notes also known as the paper business. Here are a few of the most common ways people make money in the note business. Maximize Selling Profits A seller often takes back financing for a … [Read more...] about Moneymaking Opportunities with Notes!