In the last post, I defined a discounted mortgage for you. Let’s briefly review the scenario to refresh your memory. Orvel sells his property to Betsy. Orvel takes back a mortgage for $50,000.00. Orvel then sells his $50,000.00 mortgage to Pete, a third party investor, for $40,000.00. This scenario has all the ingredients of a discounted mortgage; a transaction between private parties, the security for the investment is real estate, and Continue reading “How To Make Money Flipping Mortgages by Acting As a Finder”
In the last post, I listed for you the four important steps to success in the discounted mortgage, note and cash flow business. They are: (1) start part time, (2) think long term, (3) generate leads and (4) flip, do not buy mortgages. I would like to spend some time on the importance of flipping discounted mortgages.
First, you need to understand that there should be three steps in everyone’s financial/business plan: Continue reading “Success in the Discounted Mortgage, Note and Cash Flow Business- Part Two”
The discounted mortgage, note and cash flow business is one of the easiest, fastest and safest ways for you to generate additional income. Many people who fail at this wonderful business do so because they miss the “forest for the trees”. If you will follow the simple guidelines below, your chances of success will improve immeasurably. Continue reading “Small Steps to Success in the Discounted Mortgage, Note and Cash Flow Business”
The business of flipping discounted notes, mortgages and cash flows requires some easily acquired knowledge and skills but requires little or no cash—and none of the hassles associated with owning real property. That is one of the many reasons the discounted cash flow business requires serious consideration.
The best time to be in the discounted cash flow business is Continue reading “Flipping Discounted Notes, Mortgages and Cash Flows- an Ideal Home Based Business”