Know or No - I (k)no(w)
Monday, March 21
You do not want to get caught up in the auction fever! Find your comfort level and stick to it. Most of your competition is jumping at deals just to make a deal. Patience is the key and finding out just what the seller needs and then fulfill the need. Look for pain.
5 seconds that changed my life!!!
Wednesday, March 16
February 2014, my partner and I purchased 5 second deeds of trust having a balance of $1,300,000 for a total purchase price of $107,000. Two were in CA and three in AZ.Thirty days later, we sold the two in CA for $125,000 and paid a broker $25,000 for bringing the buyer. Two of the AZ notes w...
10 ways notes are like houses!!
Tuesday, March 15
If you take a look at the note in the following way.1. You can rehab it just like a house. Sometimes you can drop the interest rate and make a higher yield, forgive interest the same way you forgive rent.2. You can borrow against it. Use as security to borrow.3. Sell part of the note and paym...
There are a lot of ways to skin a cat!!!!
Thursday, March 10
The following is a letter that was sent out on a request for proposal on a note sale.As you can see, there are multiple ways to purchase the note. When talking to a seller, I try to find out what their needs are and I will send them just ones that will fit what they want.In each one of these opt...
Getting paid to refinance!!!
Thursday, March 10
In a prior post, I told you about zero interest seller carry. Want to know how to create more cash flow? We have talked to the seller if they would take $70,000 cash for an early payoff. on the $96,000 balance. We have a great equity builder in this deal but the cash flow is light. We have a ...
No Money Down - share the profits with the seller!
Tuesday, March 01
Do you ever find a house the would be perfect for a rehab but the owner is unrealistic about the value of the property? Especially true if several investors have contacted the sellers making offers of $40,000 or $50,000 and they want to hold out for $60,000. You have analyzed the house and that...