All Forum Posts by: Lauren Sanford
Lauren Sanford has started 0 posts and replied 117 times.
Post: We buy mortgage notes fast and easy
- Investor
- Posts 124
- Votes 38
@Kenneth Malloy Our latest Note Offering has just over 80 assets. If interested feel free to reach out!
JKP
Post: Creating a note in order to sell it.
- Investor
- Posts 124
- Votes 38
We held a few calls on this topic. There are 14 points to making a note valuable to Note buyers. They include higher the interest rate and lower the terms will decrease the discount needed. We also have a chart to show the expected discount. Also who pays servicing fees.
if curious to learn more reach out.
Post: What makes a good seller financed deal?
- Investor
- Posts 124
- Votes 38
@Felicia Vinces it sounds like you missed our Year End Live show and Podcast of "Real Estate Notes Show' where 2 15 year experience note investors break down what makes a note valuable.
@Mort McGuire Yes (JKP) we are also active. We have some assets currently in those states if you are interested. I am sure we exchanged Emails before hopefully you are getting ours.
Post: Help with Note/DOT investing
- Investor
- Posts 124
- Votes 38
@Wade Wisner Our company has been in the space for well over a decade, i would suggest the key to finding quality notes is networking in networks of those who are creating notes already and don't know they can sell them. We run a Real Estate Notes Show where we speak with many of these types of investors teaching them different strategies.
We find most of our deals through our network and referrals. Many of our closest colleagues are coaches in the Seller finance and Hard Money Lenders. Let us know how we can best help you!
Quote from @Tiffany Sheppeard:
Thank you @Lauren Sanford. Please share the information.
Sounds good sent PM
@Tiffany Sheppeard there are ton of options out there. We recommend listen to podcasts/watching youtube channels and identify the person you feel you best connect with. We also run the Real Estate Notes Show which is live and recorded. We bring on a guests in all areas of Notes. Let us know if you want any additional information.
We also have a few training guides if interested.
Post: Note Newbie workshop -note investing
- Investor
- Posts 124
- Votes 38
Yes we are aware of Daphne Wilson's course. She focuses on 2nd liens, which are more scarce now.
We would recommend just listening to some podcasts / Youtube or jumping on FB and looking for Note Groups. I know that Chris has a group/podcast and so do we. For ours, you can lookup "JKP" Holdings. We have a live show tomorrow at 12pm Eastern if you are interested. It will stream live on Facebook and Linkedin.
Post: Advice Needed on Selling Note Partial
- Investor
- Posts 124
- Votes 38
Quote from @Joe Yobaccio:
@Lauren Sanford Have you sold or purchased a Partial, but kept the note in your name and used a Collateral Assignment to protect your partial lender? I'm selling a partial like this: $35k for 128 months of $550 a month at 15%. I am planning on paying early and will use an Ammortization shedule. My note is a performing 1st and I plan on setting up the lender with Madison Management so that the payments on the Partial come from the performing loan. But, that sounds like a Loan Partial. I am not going to assign my full note, but will use a Collateral Assignment. Any feedback?
No because a collateral assignment is for hypothecations. Is just what it sounds like, you are borrowing money from a lender and using the Mortgage/Note as collateralize for the loan. The ownership of the note does not change hands it is used only as collateral. We had an episode of "Real Estate Note Show" on this topic with Attorney Sean Clemmensen.
We have sold a partial and kept it our names but only in situations where we were selling the partial to someone we know very closely (such as a family member or very close friend). In those situations we used our word and just made payments to them.
Post: Looking to connect with Seasoned/Veteran Mortgage Note Investors in SE USA
- Investor
- Posts 124
- Votes 38
@Jim Rice we already hold a group like that. How many notes have you bought/sold? Send me a PM.