In
fact, because of this experience, many A-list corporate real estate investors
such as Homevestors of America (the “We
Buy UGLY Houses” guys) turn to Eddie for assistance in developing
owner-financed note systems.
After many years of purchasing
seller financed real estate notes from a myriad of real estate investors
including property rehabbers, land developers and builders etc., Eddie realized
that there was a great need to help those investors properly construct a sound
seller financing program for their business. Beginning with common sense
underwriting of the buyer and showing the investor the proper way to structure
the note, Eddie also shows the investor how to create attractive loan to value
scenarios and most importantly helps the investor understand the importance of
using RESPA and TILLA documentation.
One of Eddie’s great
strengths has been his focus on the marketing plan. Eddie has spent literally
millions of dollars on marketing throughout the years and based on all that
pioneering data, he knows what actually works and what just sounds like a good
idea. With his candid, tell-it-like-it-is style, Eddie is a popular speaker at
conferences and real estate events throughout the country. He has also been
featured in numerous industry articles, along with radio interviews surrounding
the release of his new book, “Streetwise Seller Financing.” With almost 25
years practical experience in the business, Eddie understands the challenges and
rewards of being a real note buyer.
Additionally, Colonial has
developed the largest and by far most complete broker mentoring program.
Industry professionals who have trained under Eddie reads like the who’s who
list of the note business. He has given them the skills and marketing savvy they
need to succeed in this exciting business.