Specialist · Cleveland, OH · Member since 2011 · 1k+ posts · 852 votes
8mo
The real estate notes are still very much a part of my daily conversation. In general real estate investing, they're not exciting to talk about, but they are really the backbone to All Real Estate deals. The money is in the money the physical bricks and order of real estate is just a way of securing the money and justifying the loan.
there's a lot of times I create a note and mortgage with my own money and then once it's up and running and performing, I sell it off to an investor for their self directed IRA or 401(k) because now it has a track record of paying, and it is a low loan to value paying 12% or more interest only.
investors love these because they have all of the benefits of cash flow and real estate without dealing in toilets, tenants and trash.
the downfall to dealing in notes is the investor actually has to have money to invest and it's not part of the no money down deal crowd.
I do agree with you though that it seems to be a very limited topic anymore, but we can change that with just starting a few posts lol