Real Estate Note Safety... Part One
Thursday, December 03
This is Part One of a two-part post on real estate note safety... During the years after the creation of a real estate note when you are receiving your monthly payments, there are several things you should do to keep your note safe and to maximize its value in the event you want to sell all or p...
CREATION OF A SELLER CARRY BACK NOTE...
Wednesday, December 02
The following discussion can apply to first and second position liens with minor modifications. This type of transaction usually occurs because there are not enough prospective buyers who can qualify for conventional financing. If there were, there would be no need for the seller to take back a n...
How Important Is The Interest Rate on a Seller Financed Note?
Tuesday, November 17
In our last post we discussed how not knowing the buyer’s credit can have a negative effect on how much an investor quotes on a note.Now, you don’t have much control over the buyer’s credit rating, but you do have control over the Interest Rate you set when structuring a note. Below are two scena...
Always Check The Buyer's Credit!
Tuesday, November 17
The above title seems like a very logical step for a seller to do when taking back an owner financed note... right? Well, our experience as real estate note investors shows that very few sellers run even a cursory credit check on their buyers, and hardly any do any kind of employment or backgrou...
The Pro's & Con's of Owner Financing...
Friday, November 13
Owner financing often produces a winning situation for both the homeowner who is selling the property and for the buyer who is purchasing the property. Owner financing may be defined as the situation when a seller is willing to help finance a real estate transaction by creating a loan for the ent...
8 Steps to Successful Due Diligence by Investors When Buying Real Estate...
Wednesday, November 11
Due to poor economic conditions in the US, the real estate market is a strong buyers’ market. You or someone you know may be looking to buy real estate property either for primary residence or for investment. This is the best time to buy real estate but you must exercise caution during this proce...