A note broker finds people who hold seller-financed notes and connects them with funders who buy those notes for cash. You do not buy the note. You do not lend money. When the deal closes, the funder pays you a referral fee.
That is the job in one paragraph. The rest of this page is the detail.
What a Note Broker Actually Does
Seller-financed notes are created when a property seller carries the financing instead of the buyer getting a bank loan. The seller receives monthly payments. Some of those sellers later want a lump sum instead of waiting years for the balance.
A note broker:
- Finds the note holder (list, referral, or inbound lead)
- Gathers the basic file (balance, payment history, property, terms)
- Sends it to a funder who buys notes
- Helps the seller understand the offer
- Gets paid a fee when the purchase closes
You are a matchmaker with paperwork discipline. You are not the bank.
How I Brokered My First Note
My first closed note was a referral fee on a performing seller-financed note. I did not buy it. I found the holder, got the file in shape, worked with a funder, and got paid when it funded. The walkthrough behind the form below covers what the note looked like, what the funder needed, and the sequence from first contact to fee.
Enter your email to watch it. Same video I use as the starting template.
Watch the Walkthrough
Click the screenshot, enter your email, and watch How I Brokered My First Note.
After you submit your email, you will be taken directly to the video.
This is the walkthrough of my first brokered note deal—the file, the funder, and the sequence from first contact to fee.
For educational purposes only. Fees and results vary. Deals do not always close. Consult your own qualified advisors.
Why People Look for This Work
Most note holders are not professional lenders. A large share create one note and stop. When they need cash—medical costs, another property, retirement timing—they do not have a list of institutional buyers. That gap is the broker’s work.
The appeal for the broker is straightforward:
- No requirement to fund the purchase with your own capital
- Fees are paid by the buyer of the note at closing
- The skill stack is research, follow-up, and clear communication—not construction or property management
It is still a business. Deals fall through. Sellers change their minds. Funders pass on thin files. The people who last treat it like a pipeline, not a lottery ticket.
How the Fee Usually Works
Referral fees are negotiated deal by deal. A common range on smaller performing notes is a few thousand dollars per closed transaction—often expressed as a percentage of the purchase price or a flat amount the funder will allow in the fee stack. Large notes pay more. Marginal notes pay less, or nothing if they do not close.
Do not plan your income on a single “average deal.” Plan it on how many qualified files you can put in front of funders in a year, and how many of those actually fund.
The Zero-Capital Path—and What It Is Not
“Zero capital” means you are not writing a check to buy the note. It does not mean zero cost to run the business. You will spend time and some money on lists or other lead sources, phone and email, basic tracking, and enough education that you do not waste a funder’s time. Optional tools come later.
If someone promises you will close deals with no work and no learning curve, ignore them.
Who This Is For
This path fits people who:
- Want a fee-based way into notes without a large cash outlay
- Can follow a checklist and make clear phone or email contact
- Are patient enough to work a small pipeline instead of chasing one miracle deal
- Are often later in their career and want income that is not another landlord job
It is a poor fit if you need a paycheck next Friday or refuse to learn basic underwriting vocabulary (LTV, ITV, seasoning, pay history).
Licensing
Requirements depend on what you do and where the property and the parties sit. Referring an existing note is not the same as originating a new consumer mortgage. Some states are stricter than others. This page is education, not a license opinion. Before you take fees, confirm the rules for your activity and location with qualified counsel. I am not your attorney.
What to Do Next
- Watch the walkthrough (form above).
- Decide whether the fee model matches how you want to work.
- If you want the full training, that is the Note Broker Opportunity page (Building Wealth Together). That offer is separate from this walkthrough.
If you hold a note and want a cash offer instead of brokering, that is a different path. Say so when you reply after the video.
Disclaimer
Educational content only. Note deals involve risk of loss, files that do not close, and variable fees. Past results—including my first deal—are not a guarantee of your results. State and federal rules can apply. Verify licensing and tax treatment before you operate.
IN THE “HOW TO TURN 90%..” PROGRAM, YOU WILL LEARN:
