Your Source for Note Investing, Note Buying, and Note Brokering Education
Here’s what we want for you in 2012 (and beyond): Know what you really want Know how to get it Strive tenaciously until you succeed Treat setbacks as learning experiences And above all, believe in yourself and know that we believe in you If you want to amplify your results, try this: Click & print…. Read the rest »
“Everything you need to know about generating passive income that most real estate investor will never know.” If you enjoyed George’s training, leave a comment below and let him know! Questions welcome also. **NOTE: software and workbook downloads available below** George Antone, our guest expert, one of the scheduled speakers at the 2011 Noteworthy Convention…. Read the rest »
Silver Anniversary Series “Interview with a top Broker/Investor” It’s not often that you hear about someone who comes out of the gates like Gerald has in the past two years. We’ll let the numbers do the talking… In our recent interview with Gerald, he shared the business model that has enabled him to achieve spectacular…. Read the rest »
We recently interviewed the founder of a “note settlement” company who shared some surprising stories about how deeply banks are willing to discount the face value of HELOCs and other junior liens (and sometimes even first mortgages) in a settlement, especially if the borrower is facing a hardship or is underwater. (You can get access…. Read the rest »
Please leave comments below! “Interview with the Experts” series: Henry Dvorken Henry Dvorken is one of the true giants of the Note business and is a fixture at the annual NoteWorthy Convention. Listen in as a former editor of the NoteWorthy Newsletter interviews Henry Dvorken. In this candid, 65-minute interview, Henry tells us how he…. Read the rest »
Attention Note Investors: You’ve seen the headlines about homeowners successfully challenging lenders or servicers attempting to foreclose without proper documentation. The lesson here for note investors is that borrowers and their attorneys are getting better at playing the game of real estate. But “Foreclosure-Gate” isn’t the real story here… The real story is that borrowers…. Read the rest »
What are Good Deals in Real Estate? All good deals in the complex business of purchasing real estate depend on knowing the fair market value of the property you wish to buy. A “good deal”: is defined as being able to buy a property for a certain price and being able to resell that property…. Read the rest »
USES FOR RAW LAND PURCHASED AT A DISCOUNT AT FORCED SALES Ideas by Fran Oberts 1. Build a powerful financial statement. 2. Make a profit giving it away –a moneymaking charitable deduction. 3. Create a deductible vacation. 4. Use as a powerful influential small gift. 5. Discount the purchase through the 1031 exchange. 6. Squeeze…. Read the rest »
RESIDUALS: THE ICING ON THE CAKE By: Dick Ballard, CCIM, CAMB This article is intended for those note brokers who primarily work with groups of private investors and do not broker their notes to the large institutional buyers. However, after reading this, those of you who only broker notes to institutions might be encouraged to…. Read the rest »
by Michael Morrongiello I recently had the pleasure of attending a local real estate investors group meeting and listening to a tax accountant discuss his real estate investment strategies. In addition to sharing with the group different tax angles he made a most profound statement that he asked to all of us in the room….. Read the rest »
By: JOHN MOREN I have been making money thanks to personal computers since way back in 1988. That was the year I first published the original NoteSmith loan servicing software and released it to the public. Since then I learned a lot about data. If all my tangible assets were lost in a natural or…. Read the rest »
NORMAL METHODS OF FINDING A BARGAIN IN REAL ESTATE by Jon Richards 1. Newspaper advertising. Study your local newspaper for properties which are listed by the owners, not real estate brokers. Sellers who avoid listing their properties with brokers are trying to avoid paying commissions. The seller – not the buyer, usually pays (Commissions.) Place…. Read the rest »
MAKE MONEY WITH MOBILES By: LONNIE SCRUGGS My ad read “Mobile Home For Sale-Will Finance” and the phone was ringing off the hook. Some callers didn’t even bother to ask what the selling price was or the interest rate. Most of them only wanted to know two things: “How much down and how much a…. Read the rest »
by Jon Richards Make up your mind at the beginning of your search for good real estate deals that there is absolutely nothing to gain by shifting the big burden of finding your property onto the shoulders of only one broker – no matter how good he or she is. Remember that if this broker…. Read the rest »
by Jon Richards The best way to begin your career in real estate is to come up with a good, small, older apartment building – well located, and at a low price, with a small cash down payment. There is several ways to find this type of a real estate bargain. I will begin with…. Read the rest »
CREATIVE LENDING AND PROFIT SPLITS USING AN IRA Cash flow can come in a number of interesting ways when using an IRA or qualified plan funds. Quite recently, we looked at some possibilities of transactions which may have multiple benefits. One in particular provided an interesting approach to income to both an Individual Retirement Account…. Read the rest »
by Michael J. Applegate, President and Founder of TimeValue Software. Over the years I have heard about how much money you can save by switching from monthly mortgage payments to bi-weekly payments. The concept of a bi-weekly mortgage is to make half of your monthly payment every two weeks. For example, on a 15 year…. Read the rest »
BECOME A MORE PROFITABLE INVESTOR USING NOTES WITH IRAs Most note investors aren’t aware that they can use retirement savings such as IRAs, 401(K)s and other qualified plans to invest in nearly all forms of notes as well as real estate and other publicly traded investments. In addition, many do not fully understand the incredible…. Read the rest »
Part I By Tom Standen, Note Servicing Center [Also see the response to Tom's article in Part II below.] With respect to the amount, timing and method used to assess and collect late charges, I think in the last 16 years we have seen them all. It doesn’t seem to make much difference whether the…. Read the rest »
by Marty Granoff (http://www.granoffenterprises.com) I have just returned from a most enlightening and enjoyable NoteWorthy convention held in Las Vegas. I was fortunate enough to have been asked to hold a workshop on what my organization specializes in: dealing with state lottery winners, structured settlement annuitant and contest winners. We help them convert some or…. Read the rest »
A Primer for Cashflow Professionals by Sheila White (http://www.cashflowservicing.com) The goal in this article is to familiarize cashflow professionals with the concept and potential benefits of outsourcing. “Outsourcing” is an impressive-sounding term for task delegation. Outsourcing certain pieces of your process can be a practical and cost-efficient way to increase your productivity and focus your…. Read the rest »
by Dave Butler By far, the Number 1 question we get from new people entering the cash flow business is always the same: “How do I get started!” That question invariably goes right to the Number 2 question: “How do I find notes?” Not bad questions… but there are several problems in trying to answer…. Read the rest »
by Ed Lisogar One area that exasperates new and inexperienced brokers is why we ask all of these questions before even giving a quote. After all, isn’t that what “due diligence” is for? Does an investor really need to know all of this just to give a quote? The answer is yes. Certain aspects known…. Read the rest »
Monday morning. “Now what?” So! You’re actually serious about getting into the cash flow business! Approached correctly, the financial rewards to being involved in the cash flow industry are outstanding. But like anything, there’s a right way and a wrong way. Just as a poor foundation will topple a high-rise, so too can starting out…. Read the rest »
In Seller Financed Real Estate Notes, What Else? by Ruth Hauser (Editor’s comment: We have been saying for quite awhile that when interest rates go down there is less seller financing and things get a little slower for us. And as interest rates rise our business gets better and there will be and are more…. Read the rest »
by Barbara Graff (Editor comment – Over the last few months several articles have included remarks about getting all of the information from the note holder before you present the completed worksheet to a funding source. It is not only mandatory for the funding source to have all of the information but it helps you…. Read the rest »
