Archive for June, 2012
How Long Will it Take me to Become an Owner Financing Consultant?
June 18th, 2012 categories: Seller Financing, The Note Business
Of course anything is possible, but it’s more realistic that, just like any real business, it takes several years to build a thriving and self-sustaining operation. How long it takes depends a lot upon your previous experience, your current professional connections, as well as your mental and emotional state and set of beliefs both conscious and unconscious.
[To learn exactly how we are putting our owner financing and note transactions together (including calculator practice), or to get help with your own, become a part of the Owner Financing Club community]
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Can I Sell Lots of Properties With Owner Financing and Then Simultaneously Sell my Notes – What About Dodd Frank and the SAFE Act?
June 12th, 2012 categories: Seller Financing, Selling Your Note
Many times Land Trusts can be a useful tool, and I suggest that all real estate investors understand how to use them and generate them for themselves: http://tinyurl.com/boeenwo
Investors are also worried about SAFE Act, Dodd-Frank, etc. Check your state. Some states have made the federal guidelines more restrictive, some have not. You may need to hire an LMO (licensed mortgage originator) or become one to do volumes of owner carry back deals each year.
[To learn exactly how we are putting our owner financing and note transactions together (including calculator practice), or to get help with your own, become a part of the Owner Financing Club community]
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A Few Comments About Non Performing Bank Notes / Paper (NPNs)
June 9th, 2012 categories: The Note Business
There are a lot of people buying non-performing bank notes hand over fist. I don’t happen to be one of them. My primary business model is to buy private performing first notes and deeds of trust (or mortgages). Many NPP (non performing paper) buyers are happy with 20% yields, and I can buy performing notes at those yields, so I prefer to keep my life simple.
And… there is no doubt that the volume of NPNs right now is high, and rising, so if you’re interested, find someone who has product that is willing to sell to you, and/or partner with you, and/or charge you for coaching/training on how to navigate this specialized territory: Don Madden, Rick Madden, Ellis San Jose, Gerald Lemoine, Gordon Moss and many others, I’m sure! Google around.
[To learn exactly how we are putting our owner financing and note transactions together (including calculator practice), or to get help with your own, become a part of the Owner Financing Club community]
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