Partnering with financial professionals is a great way to help us, help you. Not only are you able to help your client, oftentimes you receive a referral fee...just for putting us in touch with a closing deal! Are you in any of these fields or know someone who is? Let's talk! Real Estate Professionals Let's face it: if there is a property sold, a real estate professional is probably … [Read more...]
When Is The Right Time To Sell Your Note?
It probably sounded like a great idea to carry back a note to help facilitate the sale of your property. Matter of fact, you might have been told that if your situation changes in the future, you could sell your note for a lump sum of cash. This might leave you wondering, when is the right time to sell your note? Does it matter what the traditional real estate market is doing? What about the … [Read more...]
Selling A Mortgage Note Is Not Just About Price
One of the first questions a note seller asks is, "How much can I get for my note?" At the end of the day, that is what it is all about, right? Or is it? For some, selling a note is not just about price. For many people selling a note is about getting out of the hassle of collecting payments, dealing with defaulted buyers, reporting taxes, or having their money tied up for the length of the … [Read more...]
Is it Time to Sell Your Note?
Every day people line up to sell the mortgage note they carried back from the sale of a home. Although some people keep the note for the entire term, usually, at some point, there comes a time to sell the note and receive a lump sum of cash. Why Carry Back a Note? Chances are you carried back a note because you had to. Most people would have preferred a full cash offer (and payment) for their … [Read more...]
What Is Real Estate Note Due Diligence?
Before an investor pays cash for a real estate note, they perform what is called 'due diligence.' This is really just a fancy word for research. You can simplify the process by being prepared for these common note investor requirements. When an investor makes an offer to purchase a note, mortgage, deed of trust, or real estate contract, it is subject to underwriting and due diligence. This … [Read more...]