All Forum Posts by: Carrie Jones

charter is a nice icebreaker into note brokering for newbies. 

There standards for purchasing are higher than most in the industry

Your investment fee is refunded upon your first deal

They teach you 10% of the industry, how to broker for them which is understandable

But they are real and so is the Money

Can you be license as a note broker, real estate agent and mortgage loan originator with conflict of interest. I'm in Ohio.

im surprised noone has responded

Is it possible to broker a loan assumption to another party for a profit?

Broker some NPN and invest in your own with the profits earned

@Carson Sweezy Where is the link to the video?

OPTION 1:
If the numbers add up on the deal
If the property is in a good location and 
If you have time left in your assignment contract, 
I would co-wholesale the deal to someone with a guaranteed cash buyer

OPTION 2:
Have you explored all possibilities of finding a cash buyer ?
Having a realtor scrape MLS for houses that sold for cash in the last 6 months, yadda yada

OPTION 3:
Enforce your clauses and contingency 

Hey Lawrence, I broker owner financed notes for a living to investors.
Owner financing aka, seller financing or sometimes "owner will carry" is a promissory note created by a homeowner who owns their home free and clear who wishes to sell their home on terms to a buyer. However, some people offer owner financing with a unpaid balance.

The traditional method would require the borrower to obtain traditional financing from a bank to purchase the house 100% from the seller.

Think of owner financing as a layaway plan.

Example:
Purchase Price: $100,000
Down Payment: $10,000  ( Should be 10%)
Note Balance: $90,000
Interest: 7%   ( Would be higher for borrowers with bad credit)
Term: 15 years    ( Keep the terms below 30 years)
Payment: $808.95   (Verify Ability to pay including taxes and insurance)

In essence, Owner Financing allows the homeowner who is selling to become the bank. Don't forget to run a credit check on the borrower and verify their ability to pay per changes in DODD Frank.

You may wish to google "Seller Finance Consultants" and download a FREE Dodd Frank compliant disclosure to include in your owner financing paperwork.

Please read ----> Home Selling Methods Banks Do Not Want You to Know About:
https://www.linkedin.com/pulse/home-selling-method...

To be frank, I am note broker by trade. However, I have about 500 requests and mounting from buyers/investors who would like discounted properties in their city and state.

However, I have 0 inventory in their location, but I do not want to miss out on opportunities. How can I capitalize? Co-Wholesale? Virtual Wholesale? Where do I start? Throw me a life raft....