Do you think people would be interested in getting cash for real estate notes?

Question

I'm a private investor. I'm starting to look into privatly held real estate notes that people have carried back when they sold their property. I know that most times (at least with the people that I've talked with) they wanted the cash in the 1st place, but the deal was too good to turn down.

Does anyone know of anyone who is doing this successfully at this time? Does anyone know of anyone with a note that they may like to get a quote on?

Thanks!

Answer 1

There are many people that would like to sell their owner carried back notes, the problem is that most of the note buyers want too much of a discount for the sellers to sell.

I attended all the note buying seminars and those that would purchase them from me and how much money was in this business. Why would I give you 25%-30% of my note. I had to ask the same thing as I went through my foreclosure period. Why would a person give me thier house for nothing down.

I tweeked each a little so each could be happy and now I purchase both foreclosues as well as mortgage notes. You have to find a way to make the seller want to sell as oppose to giving away their money.

I have taken a different approach to buying notes so I can still earn a higher than normal interest rate. I purchase the note at closing off the table.

I inform the seller how to construct the note, insert a prepayment penalty that normally seller carry backs don't do, structure the note at a .50 rate higher for maximum profit. When the loan close.

I immediately give the full cash value to the home seller, take the note and deed of trust that has been recorded by the title company. I have a note structured to earn money the seller is happy and so am I, as well as the buyer

After about a week I send the buyer a document indicating that I have purchased the note and where to send the monthly payments.

I hope this has been of some use to you, good luck.

"FIGHT ON"

Answer 2

I buy and flip property. Many times I sell them on time. After the notes appear in the public record I get numerour letters and phone calls offering to buy the note. Most of the offers are at 60-70% of value. Not enough so I just keep them. Is this just a ploy to advertise for notes?

Answer 3

do you want to invest? I am from australia and i am a property investment consultant. we help people to teach how to invest and not to pay too much tax and spend it to invest their money for their own future. if ur interested, please email me you name, address and landline

Email: [e-mail]