List of Possible Note Buyers

Great tip and great link - the site is free. Hope to be posting some of these deals real soon!

The "quick" way to making money in the Notes business is to act as the "middle man" to connect a buyer and a seller. You get your share (anywhere from $500-5000+) depending on the total value or size of the Note itself.
So if you have a Note worth 100K and you advertise it for lets say 87K on a Note listing service they buyer might offer 85K. So you call the Note seller back and say the buyer offered 82K, the missing 3K between 85 and 82 is what YOU pay yourself for making the deal happen. If you dont mind taking less and the seller would like more lessen it to $2000 for you so it would be 83 rather then 82.

Thats how it works in a nute shell to pass Notes off between buyers and sellers.

hi,
The note is the terms and the mortgage is the lien,Which someone would look for Land Contract or the other one (wrap around) i maybe off, But it is seller finance!
nstreet you and everybody did a info packed Edge 09...I am pumped again!

Randall

I would like to add that if you can get a seller to finance a property for you always ask for the first right of refusal to purchase the note in the event he decides to sell it. This could be a big savings if you hold the property for several years.

Laura , I run small ads in various local papers and also do research at the courthouse to locate the holders of the notes. I mail them hand written postcards letting them know that i buy notes. I also contact accountants and the attorneys that handle most of the real estate transactions in my area. Agents also are another source of notes. This can be a very lucrative business if keep up your marketing and have several end buyers for these notes. Hope this helps.

These are great tips, appreciate it! It is now on my yellow pad to do in the very near future!

Thanx so much coach!

Thanx so much, Coach!

For those that own a mortgage note and want to sell the one they have feel free to contact me for any info pertaining this subject as I have certified buyers that have been prequalified in our system. The make an offer on what it is worth in today's market. There is no fees or anything and is a no obligation to sell if you are not ready to sell at the amount they offer. So feel free to contact me here or on my website listed here too.

Shawn

That's great info to know.

Thanx Shawn!

Hi Nate,
Have you come across any new companies that purchase notes?
Thanks,
Rhonda

Thanks for the repost of the note buyers, Have bookmarked it, will surely need it later...And thanks for all of your helpful posts

Nate,

Thanks for the information. I heard the number of seller carry-back notes increased by 40% over the past two years. I am jumping back into the note business.

I will give you a call after I have a chance to explore the information on this site.

CHECK OUT RUSS DULBY BOOKS ON NOTE BUYING IT'S NOT THAT COMPLEX AS YOU GUYS ARE MAKING IT FIND THE NOTE HE HAS A WEBSITE YOU CAN SALE YOUR NOTES ON BUT YOU HAVE TO DO THE NUMBERS YOU CAN PAY A SMALL FEE TO A REAL ESTATE BROKER TO DO THE MATH FOR YOU AND PUT IT ON HIS SITE PEOPLE BID ON THEM OR YOU CAN TYPE IT IN ON YOUTUBE HOW TO BUY REAL ESTATE NOTES AND LEARN THAT WAY

We have been real estate note buyers, land contract buyers, and a contract for deed buyer for 30 years. If we can't buy real estate notes or land contracts, we broker them and do whatever it takes to get the job done as trusted real estate note buyers.

We have a widespread marketing area serving real estate note and land contract clients nationwide. In fact, we presently represent over 30 real estate mortgage investors in all 50 states, as well as several regional and local real estate note buyers.

Real Estate / Contract for Deed Property Types

SINGLE FAMILY RESIDENTIAL REAL ESTATE NOTE
DUPLEX, TRIPLEX, FOURPLEX REAL ESTATE NOTE
APARTMENTS REAL ESTATE NOTE
INCOME PROPERTY LAND CONTRACTS
IMPROVED LAND CONTRACT / SMALL TRACTS
RECREATIONAL & RESORT REAL ESTATE NOTE
COMMERCIAL LAND CONTRACT OR REAL ESTATE NOTE
IMPROVED REAL ESTATE NOTE OR LAND CONTRACTS
FARM & RANCH LAND CONTRACTS
CONDO REAL ESTATE NOTES
VACANT LAND CONTRACTS
PORTFOLIOS

As real estate note buyers, land contract buyers, and a contract for deed buyer we try to keep the discounts down by showing your real estate note in the best light. As experienced real estate note buyers, we are able to do that by doing thorough due diligence, which is what most real estate note buyers and land contract buyers must do in order to function with any degree of accuracy.

We started out as real estate note buyers and land contract buyers for the first real estate investment trust (REIT) in Oklahoma in 1971 and that business has spread to represent many real estate note buyers and land contract buyers throughout the country.

If you are looking for a real estate note buyers and land contract buyers, choose E.J. Adams. Contact us today for experienced real estate note

Keep in mind there is a reason Russ is no longer in the business of notes.

Notes are easy as you say.

The most important items to note are:
1) What is the face value of the note?
2) What do the buyers buy under the face value? What return do they need?
3) Does the person that did the seller financing have all required paperwork?
-- If not the discount on the note becomes greater.

Here is some additional information on Russ that you may want to be aware of if you are considering his material.

His material is easy, almost too easy. I gave a simplified version above.

To be honest if you are going to work on notes you should specialize on notes as they have a whole different way of working the transactions. There are different requirements that you will become aware of.

Here is the link:

http://www.coloradoattorneygeneral.gov/press/news/2013/07/31/infomercial...