BiggerPockets

Are you looking for information or are you trying to make a deal here? (this forum is for dealmaking -- we can move it if needed).

Got it - moving to notes forum....

Alex,
I buy, hold and manage notes as part of my regular everyday business. I also pool up and sell off notes on a regualar basis and create and manage notes, using seller financing. If you have any specific questions, I would be happy to answer them. What information are you looking for?

You got it Matt! Note buyers buy notes (secured loans and othe cash flows) from note holders who would rather have a BIG lump sum of cash now vs. collecting small monthly payments over a long period of time. We buy notes at a discount to create a desired yield that is higher than what we can get on other investments.
Right now we are also buying properties and seller financing them, thus creating our own notes and holding these for cash flow. I like to do one deal and then collect payments over the long haul! Eventually I would like my job to be just going to the mailbox to collect monthly payment checks!!!
We buy notes by advertising that we buy notes and networking with real estate and financial professionals. We take calls and internet quote requests from note holders, note brokers, lenders and investors that are looking to sell notes to raise capital for any reason. Others make a business out of buying and then seller financing properties and then at a later time selling of the note. I hope this gives you some insight and I welcome your questions.

Marc,
I'm also buying properties and originating notes. Do you mind sharing your criteria concerning cost basis, markup, interest rate etc.?

The market rents are less than the monthly payment (PITI) in certain areas.

Does that mean you'd structure your notes to be negative amortizing in those cases?

Don't mean to hijack this thread but I think it is relevant.

Would anyone buy a note on a Doublewide on land? Or is there just not a market for something like that.

Wow! Sorry for the late reply to all of you. I will try to answer as much as possible here. For the rest of the questions: I suggest joining my group here on BP called Note Brokers Back Office. That is the place to ask specific questions about working with me and my company.
To Hakchinoy: No I would never write a note with negative amortization.
To Robert: I recently bought a house for $8,000. I sold it for $24,900 w/a 10% down payment, a 15 year term with a 9.9% rate. I should be seeing the first payment from this one any day now! I sold the home to the second family I showed it to and it was not for sale for more than 10 days. The buyers are living in the home and have put a lot of work into the place. I did not have to do any rehab at all to this one. I am confident I will be collecting payments for a long time on this one little deal:)
To Mike and Rob: Yes there is a market for mobile home paper. I work with mobile home notes secured by mobiles both with and without land nationwide. The criteria for both is different and a better place for specific questions would be on our group page here on PB, Note Brokers Back Office. I hope this helps. Again sorry for the late reply all.....