Updated almost 15 years ago on . Most recent reply
The Art of Selling Notes
I had all but given up on selling notes. All the instaitutions want to give you 65% of the note balance or worse. With the standards note buyers were setting for my payers I could get them a new loan if they had all that gooing for them.
I started holding private meetups in my hometown and teaching people about Self-Directing their IRAs, 401Ks and other retirement funds. I started teaching them how and why buying RE notes made since; how to size up the risks, how to profit from defaults, they importance of dealing with note seller that have integrity, how they are protected (or not protected), how to size up no brainers Vs. marginal deals. 14 people showed up to my first meetup...I sold $568,000 worth of RE Notes! One investor per note.
NEWS FLASH! Sell your notes to individuals that think 10% to 12% is a dang good deal.