Note expert Tracy Z has found a new gold mine in the private mortgage note business. Find out what it is, and how she does it… On this episode of the DistressedPro Professionals Podcast our own Brecht Palombo and the legendary Tracy Z dive into … [Read more...]
Private Mortgage Notes as Investments
Private mortgage notes can be very profitable for savvy investors. When you buy a private mortgage note you become the bank for the owner of the property. You collect loan payments from the borrower. Private mortgage note investments can be very attractive because you receive a regular income stream with none of the hassles of rental property ownership and at the same time you have the benefit of having your investment secured by, typically a senior, debt position in the property.
The best of both worlds.
Typically a private mortgage note is created when a seller "carries back" some of the purchase price of their property in the form of a "note". When a seller takes a private mortgage note it's also referred to as the seller "taking paper". A private mortgage note is created typically through "seller financing" of a property.
This week we've been focused on helping people to get started in the note business. Troy Fullwood has come back to do 2 free webinars and a podcast about various topics around building your business with 'bread and butter' deals with performing … [Read more...]
Are you buying or bird-dogging residential notes? If you or your investors are looking for cashflow and not the pure 'opportunistic' plays, then today's podcast is for you. When you buy a note that's performing, you're looking for cash-flow. If … [Read more...]
I'm cranking up another set of excellent interviews and podcasts for the spring. In fact I've already got some 'in the can' as they say and some scheduled. Over the next few weeks we're going to hear about how to do better research and prospecting … [Read more...]