Thinking of buying real estate notes in your retirement account? These tips will get you started! The past decade has seen an explosion of private investors moving from buying property to buying notes. Tired of the headaches of being a landlord, they would rather be the bank. After all, nobody calls the bank at 2 am for a lockout or a stopped-up toilet. For … [Read more...] about 10 Tips For Buying Notes In Self Directed IRAs
seller financing
What Type of Note Investor Are You?
We recently did a member-only webinar where we had a great time “building” a mock note portfolio. It was fun not only to build, but also to assess what type of investor you are, so... DO NOT skip to the bottom! Most note investors can tell you what they like. Good equity. Plenty of seasoning. Strong collateral. A decent yield. A healthy discount. Easy foreclosure … [Read more...] about What Type of Note Investor Are You?
Rentals to Notes: 2.5X Cash Flow — A $130,000 Real Deal in Fort Wayne
Every landlord who's managed a rental for a decade knows the feeling. The property cash flows on paper, but the reality is a different story: rent that shows up when it shows up, repairs that constantly eat into your margin, and a tenant that keeps things interesting in ways you didn't sign up for. That was the situation for Jay and Kyle, a father and son-in-law team that … [Read more...] about Rentals to Notes: 2.5X Cash Flow — A $130,000 Real Deal in Fort Wayne
Lessons from Getting My MLO
Traditional mortgage providers take compliance and the ability to repay seriously — you should too. Recently, I took and passed the SAFE Mortgage Loan Originator (MLO) Test. Included in that test is a required 20-hour NMLS pre-licensing education (along with your state's required education). It was eye-opening. Working our quoting desk for the last three years, … [Read more...] about Lessons from Getting My MLO
The 10 Biggest Wrap Note Mistakes We See (and What to Do Instead)
Not all wrap note mistakes are equal. Some reduce profits. Some create headaches. A few can put the entire transaction at risk. We see a lot of wrap notes as investors, usually involving seller financing. The seller still owes money on the property and the owner financing ‘wraps’ around an existing mortgage. The buyer pays one payment to the seller while the seller … [Read more...] about The 10 Biggest Wrap Note Mistakes We See (and What to Do Instead)
