“You can make a living brokering notes but you get wealthy owning notes!” This statement from a pioneer real estate note investor provided one of those “light bulb” moments. Determined to start owning notes, I left a ten-year “job” in the corporate note buying world to start my own note business in 1997. Note ownership and long-term interest income are truly attainable with … [Read more...] about Become Your Own Investor!
sell mortgage note
Full or Partial Mortgage Sale? It’s All Dollars and “Sense”
Deciding whether or not to sell your mortgage note is easier when someone simply offers you a “Full” purchase. In addition to being a straightforward buyout of all the remaining payments, it also makes it easy to determine what you are receiving. For example, if you are offered $85,316 for a $100,000 balance mortgage note, you are selling the note at a $14,684 discount. That … [Read more...] about Full or Partial Mortgage Sale? It’s All Dollars and “Sense”
Looking for Note Buyers and Investors?
Then mark your calendar for the 23rd Annual NoteWorthy Convention to be held November 10-12, 2009, in San Diego, CA. Note buyers from across the country are looking to develop business through note brokers at this once a year event. You will have the chance to participate in professional workshops, informative roundtable discussions, and face-to-face informal gatherings … [Read more...] about Looking for Note Buyers and Investors?
The Downside of Owner Financing – Disadvantages to Seller Financing
What's old is new again and the credit crisis, struggling economy, and real estate market are making seller financing the come back kid. Offering to owner finance a property can attract buyers and even save transactions as banks increasingly stamp "DECLINED" on mortgage applications. Before you agree to "Be the Bank" carefully consider the downside to providing … [Read more...] about The Downside of Owner Financing – Disadvantages to Seller Financing
Owner Financing – 10 Advantages to Using the Seller Carry Back
The word is out and seller financing is on the rise as buyers and sellers look for creative ways to finance property in the struggling market. So what's all the hype? Here are ten advantages to using the seller carry back to buy or sell real estate. … [Read more...] about Owner Financing – 10 Advantages to Using the Seller Carry Back