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Virtual Happy Hour – Partial Purchases, Bankruptcy and Spiritual Warfare in the Housing Market

I love these intimate gatherings where I get to connect with members of the community, deepen relationships, and mastermind about anything owner financing or notes. For instance, I just had my first bankruptcy filing by one of my payors. For over 4 years I’ve had a fairly ‘boring’ portfolio… all the payments just came in on […]

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Transaction Review & Calculator Practice – How Terms of the Note Radically Affect It’s Value

I spoke to a group of real estate professionals last week, and they gasped when I showed them how heavily a 30-year note was discounted. “Time value of money” is such an important concept, and one that few people grasp. The best way to preserve the value of a note, or at least to be sure you are […]

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Virtual Coffee Q&A – Why Didn’t the House Sell with Owner Financing?

This month’s call was an in-depth conversation with one of my past consulting clients who wondered why he hadn’t been successful selling his property with owner financing. There are some great points to think about. We also talked with a gentleman who, for retirement income and estate planning purposes, wants to sell a piece of […]

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Joint Ventures in Real Estate and Notes for Optimized Cash Flow – Jim Ingersoll

Joint Ventures keep coming into my awareness, and I’m seriously considering moving more of my investing to this model. Jim Ingersoll from Virginia has been using joint ventures to build a buy-and-hold rental portfolio with great cash flow and nice upside, but with less of the downside that can come with surprises in the market, or hiccups […]

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How NOT to Buy a Non-Performing Note – Sometimes Mistakes are the Best Teachers

I don’t know about you, but sometimes I subscribe to the “fire, ready, aim” philosophy. I made several mistakes in buying my first NPN (non-performing note), but I’m still glad I did it, it felt like the right thing to do, and… so far it’s paying like clockwork. And… you should definitely take the time to […]

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Virtual Coffee Q&A – Meeting People All Over the Country Interested in Owner Financing and Notes

I always enjoy meeting people from all around the country on these calls. There are property buyers and sellers, and paper buyers and sellers, and sometimes the Realtors and note brokers trying to make a living between the two. Thank you for joining me on the call! This conversation wouldn’t be the same without all of […]

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Q&A Session with Club Members – How Do I Get Started With Notes?

This was a great session with a couple of newer members asking about getting started in the note business, and/or getting started investing their own money in notes. I wish I had had some sensible advice and perspective when I was new to the business, kicking the tires around the edges, prone to spending too […]

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Transaction Review & Calculator Practice – Thinking About Buying the House I’m Renting With Owner Financing

Not too long ago, I moved from the Los Angeles area to Carson City, Nevada (Reno/Tahoe area). I was surprised to love the house we are renting, so I wanted to take you on the mental journey about how I am thinking of presenting a seller financing offer to the owner, and how I went […]

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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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Virtual Coffee Q&A – Exit Strategies for Flippers, Land Trusts and Subject To Etc.

This was a fun call with members and non-members alike. One of my consulting clients used this time to go over different strategies on exiting a property he picked up for cash. We talked over various owner financing scenarios. Someone else is trying to exit a property that he bought, ‘subject to’ in a land […]

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