Think Only The Wealthy Can Purchase Notes? Think Again.

When I first learned about purchasing notes it was a wild several weeks. I learned how to use a financial calculator, which in itself would forever change the way I looked at money. It was an easy decision to decide which side of the cash register I wanted to be on. Secondly, I learned about ‘flipping’ notes on to private investors and funders – people with money to purchase deals. In exchange, I would receive a handsome referral fee – costing me relatively nothing out of pocket. Lastly, I … [Read more...]

Non Performing Note Buyer for Second Mortgage Liens

It's difficult to find note buyers for junior liens but that is especially true for non-performing second position mortgage notes. We were recently informed of an investor hungry for this type of real estate paper and wanted to share a new addition and update to the real estate note buyer directory. What type of real estate notes will your investors consider buying? The junior lien note buyers I am working with are looking for the following: 2nd position notes nationwide 1st are … [Read more...]

Real Deal #149 – Seller Financing, Second Liens, and the 80-10-10.

Welcome to Real Deals!  It’s always easier to learn from real life so here we share information from actual owner financed transactions. When the bank loan and the buyer’s down payment don’t add up to the sales price, a seller might consider owner financing the difference.  Here’s how a classic 80-10-10 worked with owner financing on a four unit residential property in Baltimore, MD. … [Read more...]