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Buy Cheap Houses, Sell with Owner Financing and Sell the Note – Walter Wofford

How can you buy houses cheap, offer seller financing to get your price, and then sell the note, getting out with all your cash? What’s reasonable to expect? What about Dodd-Frank? Walter has created a system that works in his town, and the same or a similar program will probably work in yours, too. I am grateful to […]

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Transaction Review & Calculator Practice – 5 Ways to Make Money Once You Have a Note Under Contract

How do I make money once I have a note under contract? I can broker it for a fee, sell off a front-end partial, or joint venture for passive income, or any combination of the above. The first half reviews a current note deal and the story of two note brokers that brought it to me […]

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Transaction Review & Calculator Practice – Making a Difficult Private Loan Work with an AITD

More and more I like to invest small amounts of my own money and participate in almost every note and loan transaction that I do. These two strategies not only allow me to leverage my investor’s money to make good returns on relatively small amounts of my own money, but it has a way of […]

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Virtual Coffee Q&A – Buying Non-Performing HOA Liens??

This month’s call started off with an interesting chat about buying defaulted HOA liens… a concept that reminds me a lot of buying NP junior liens. Always enjoy these sessions… you never know what will come up! Maybe I will take a look for these in Nevada, one of the super lien states. Link to […]

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Transaction Review & Calculator Practice – Exploding a Small Self Directed IRA

One of the things I do in this session is to show you my very first note purchase through my new Self-Directed Roth IRA. I invested a whopping $100 to make a 600% return. Step and repeat, and I will turn a measly $500 account into thousands within a few short years, and all of the distributions […]

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What it Takes to Be a Successful Note Broker

Travis is one of the few note brokers I will work with, and I think you should understand how our relationship works. Of course he can’t give you every detail of how he sources his deals, he’s developed his own tricks of the trade, but the mental perspective he drops is invaluable if you are […]

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Transaction Review & Calculator Practice – Figuring Out What to Pay for an Uneven Cash Flow

When a note has different payments each year, or several small balloon payments, it can be difficult to understand how to calculate what you would pay for it. In this example, I demonstrate the long-hand way, and the short-cut way to figure out how to price a complicated note.

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Virtual Coffee Q&A – NPN as a Way to Acquire Property, Dodd Frank, Seller Financing

This morning there was a lot of conversation about non-performing notes and Dodd Frank. One of the first questions was from someone who plans to buy a lot of property and use owner financing to sell them. There are many strategies for dealing with this, and one of the things I recommended was that he […]

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Sellers With No Equity Avoid Short Sales – Landlords Become the Bank – Bob Zachmeier

Bob was back again demonstrating exactly why a lot of landlords would choose to ‘become the bank’ instead of continuing to manage a portfolio of rentals. I also got him to talk about how he positioned himself with a local radio station in such a way that he has literally created his own market there […]

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Transaction Review & Calculator Practice – Trouble Shooting a Divorce Scenario With Private Money & Land Trusts

This month I decided to bring up a situation I encountered for trouble shooting that hasn’t been resolved yet. A woman with a pending divorce needs to find a way to pay off her ex without losing control of the property. She had a nice bank 1st, a private 2nd, and about $100,000 of equity. […]

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