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How a New Investor Can Buy a Property $200,000 Over Market With Owner Financing, and Still Cash Flow

I’ve known Henry (Buddy) Broome for about five years now, and he’s one of my all-time favorite friends and clients. For this month’s Club Call, he agreed to talk about his first owner carry purchase, and how he is transitioning more and more out of his attorney work. He bought a 5-unit apartment building with 5% […]

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Transaction Review & Calculator Practice – Colorado Property Seller Will Carry Paper, But Needs Cash

One of the biggest needs in today’s market, as institutional cash buyers are drying up and 50% of buyers can’t qualify for bank financing, is for property sellers to know how to structure a carry back transaction in such a way that they have the option of the selling the note(s) for the highest possible […]

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Dodd-Frank Compliance for Seller Financed Deals – Licensed Mortgage Originators LMO on Your Team

My guests this month were Mark Stein and Terry Lewis of Seller Finance Consultants. They have been developing a service that fills a huge gap in the market. Until recently, it was VERY difficult to find a licensed mortgage originator who would accept the liability inherent in underwriting a seller-financed transaction. Because Dodd-Frank includes owner-will-carry […]

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Virtual Coffee Q&A – Investing in Owner Carry Notes vs. Private Lending vs. NPN bank Paper

This morning we talked with several people involved in the note business… Mark from Ohio shares his experience with a new direct marketing campaign for seller carry notes, and I ask him to seriously consider finding a way to buy them, instead.  Once I shifted my attention to buying (with OPM) instead of flipping the notes […]

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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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