On Monday September 14, 2020, we will kick off the 1st Michigan Note Investor Forum at 7:30pm. The meeting is a virtual event using Zoom. Please register for the Meetup using this link.
Note Expo Update
The last few days were filled up with so many learning opportunities. Melanie traveled to her first Note Expo in Dallas. She found a wide range of experiences among the attendees – people from around the country who were just starting out with no note deals to people who have been note investors for years […]
August 2018 Mastermind At Dallas Texas
Last weekend we spent 2 days at Scott Carson’s Mastermind in Dallas Texas. Afterward we went to the Quest Expo (more about this next week). We met many amazing Note Investors with various backgrounds from Oil and Gas, NASA, Real Estate, drag racing to name a few. Questions were asked of the group, and […]
Sell Property Fast With Owner Financing
When a property isn’t selling most real estate agents are quick to suggest a reduction to the sales price. It is common to see the tag line “Price Reduced” added to for sale signs, listings and ads. Rather than just reducing price… consider offering owner financing to sell a property quickly! In today’s real estate […]
Ups and Downs: Notes and the Dunes!
This week has been filled with so many ups and downs. The first event was getting word from our real estate contacts in Indiana and Ohio that the properties that we bid on were not owner occupied and not going to offer good exit strategies for our investing goals. The next was a complete highlight […]
Top 3 Owner Financing Myths
Owner financing has once again gained popularity as mortgage approvals prove hard to obtain. The installment sale is being pulled out of the toolbox as an alternative financing method to conventional loans. As the owner financing method becomes a frequent topic among real estate agents, investors, and discussion boards there are inevitably some misconceptions being […]
Why Sell My Mortgage Note?
Are you accepting payments on the sale of real estate? This might have made sense at the time, but circumstances change. Many sellers discover they would now prefer cash today rather than the small amount that trickles in each month. Here are just a few reasons people have sold all or part of their seller […]
5 Reasons Owners Offer Seller Financing
Why would a seller allow a buyer to make payments over time for the purchase of property? Wouldn’t the seller rather get paid now and require the buyer to obtain a bank loan? Here are 5 reasons property owners offer seller financing: 1. Reduced Marketing Times What is the first thing a real estate agent […]
Payment Histories Increase Note Values
Want top dollar when selling mortgage notes? Increase the value with payment histories! Keeping an accurate record of the payments received on a mortgage note is essential for knowing how much the buyer still owes. This also establishes a record of their payment habits – with an added benefit. The value of a note can […]
Safekeeping the Original Mortgage Note
Can you easily locate the original mortgage note? This important legal document should be kept in a safe place, and here is why! The promissory note is a promise to pay or IOU from the property buyer. It spells out the amount due and terms of repayment. In legal jargon it is known as a […]