Have you ever heard of Notes? Essentially, seller financing consists of a promissory note and a security instrument (Mortgage, Trust Deed, or Deed of Trust). As you can see the promissory note is the piece that we are focusing on in the Note Business. Just like a big time lender, individuals can sell and buy notes too. Obviously, the buyers of notes are not going to spend top dollar on a high risk note, so creating good sound notes is going to help get top dollar for the sale of a note.
Now, how can you get a seller interested in doing seller financing? Well, if you help them understand that they can sell all or parts of their note to get lump sums of money instead of payments over time, you will get their attention. So not only can they sell their property faster with seller financing and for top dollar, but they can then get their money back faster then the payment streams over time. There are a lot of people and companies in the Note Business who buy real estate collateralize first position notes every day. It offers more options and solutions for you and your sellers to make money in real estate.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125