Assuming you already know what mortgage notes are and why many real estate investors are now buying notes as an alternative to brick-and-mortar real estate, this post will show you just HOW to do it. Continue reading “How to buy mortgage notes [Finding, qualifying, funding]”
Category: Main blog
Note buying 101- The basics
Buying real estate notes can, potentially, yield much higher returns for you, coupled with far lower risk, than many other investments available today.
Continue reading “Note buying 101- The basics”
Direct Mail vs Internet as a means of marketing for notes
I’ve had a number of questions re my comments on direct mail vs. the web as a means of reaching note holders. Did I mean to say that the internet is LESS important than direct mail? Absolutely not. A combination of both mediums is the most effective approach, depending on which market you’re going after. Why is this? Well, when you consider: Continue reading “Direct Mail vs Internet as a means of marketing for notes”
Using passive direct mail to find notes for sale
Passive direct mail to a purchased leads list is THE most cost effective, time-efficient way to find and nail down seller-financed note deals…. and notes secured by lower-tier properties, i.e. manufactured homes, represent huge, often overlooked opportunities.
There is actually a ton of opportunity today in purchasing (or Continue reading “Using passive direct mail to find notes for sale”
Video: Investing in Real Estate Notes: 5 Minute Guide
Hi, I’m Tim Fitzgerald, President of NoteInvestors.com. We’re the longest-running educational note-related website in existence, 23 years and counting now.
I believe you’re here because you want to learn about note investing, and I’m going to give you a crash course in exactly what it is and what’s involved in under 5 minutes– so, here we go! Continue reading “Video: Investing in Real Estate Notes: 5 Minute Guide”
Mailbag: How much money can I make as a note broker?
>>> QUESTION: HI Tim, How much money can I make as a note broker? What is the average discount or buy rate on a note? And, what is the best way to find notes for sale?
>>> MY ANSWER: Assuming a 1st position seller-financed note in the current market, 80-90% Loan to value, depending on borrower credit, seasoning, terms, etc., we’re seeing broker fees falling anywhere between $2,000 at a minimum to $10,000 on the high side, with an average investor buy range of somewhere between 0.70 and 0.80 cents on the dollar. Continue reading “Mailbag: How much money can I make as a note broker?”
How to Buy Mortgage Notes [Finding, Qualifying, Funding]
Assuming you already know what mortgage notes are and why many real estate investors are now buying notes as an alternative to brick-and-mortar real estate, this post will show you just HOW to do it.
(Again, I caution you, if you are new to this, I would strongly suggest you broker a few real estate notes first so that you become familiar with the entire process by working directly with professional note buyers.)
Continue reading “How to Buy Mortgage Notes [Finding, Qualifying, Funding]”
Commercial Real Estate Notes
Note brokers who are unfamiliar with commercial real estate notes are missing a great profit opportunity. It’s easy to assess a note on a home, but if someone calls you with a commercial note, you may not know how to price it, whom to sell it to and what kind of documents are required. Continue reading “Commercial Real Estate Notes”
Buying notes: 9 Important Rules For Mailing Postcards
If you are buying notes (or brokering them), postcards are a cornerstone of many a successful marketing program because the note seller can’t miss your marketing message; it’s right in front of his eyes as soon as he opens the mail. Therefore, you KNOW your message (or, at the very least your HEADLINE) is going to be read. And, that’s half of the equation as far as what you need to accomplish in order to get the note seller to call you. Continue reading “Buying notes: 9 Important Rules For Mailing Postcards”
How to Supercharge Your Note Business Starting Today
Having a well thought-out marketing plan is critical for your success in the note business.
Whenever you plan a marketing effort, you want to achieve quick, maximum results. You want your phone to ring, quote and close transactions. However, I found that real success comes with long-term thinking and planning. A great deal of your planning must be geared to all of the note holders with whom you did not do business. This means all of the people who were not ready to sell, did not respond to your marketing piece or did not accept your offer. This is future business, and is at least as important to your success as the transactions that you closed. My experience tells me that 75% of my completed transactions are with note sellers who initially were not ready to do business. These people represent seeds that you planted, and you can either cultivate them or allow them to rot in the ground. Most people in the note business do not a good enough job of cultivating. Continue reading “How to Supercharge Your Note Business Starting Today”