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Flipping a Land Contract Note in your IRA
I received a call from one of our customers over the weekend that was filled with excitement. Mrs. Boyd, has been a customer of ours for some time, and has always been a creative thinking investor. She recently purchased a land contract note from us at a 35% discount in her IRA. Now, to understand the power of what happens next you have to realize that Mrs. Boyd is what Malcolm Gladwell of "The Tipping Point" fame and others, would be a Connector. She was so happy with the purchase she made, she starting telling everyone about the investment she made. Turns out, one of her friends wanted to buy her deal from her, and pay her $2500.00 on top of what she paid.
With excitement, happiness, and drive, she made a land contract note, into a wholesale note. She is now researching today what note she can buy from us, with more buying power. Way to go Mrs. Boyd!!
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