I’ve spent a portion of my business life teaching, speaking and consulting entrepreneurs in critical thinking. A large portion of that involves introducing formal processes such as SWOT Analysis and Affinity Diagrams to name a few. But just like the tools in a mechanic’s tool box, if you don’t use them properly you won’t get … Read more…
Many people who own notes “think” they are note investors! But many note investors are not “REAL” note investors. True note investors have uncanny skills, wisdom and talent. Several “real” note investors helped me in putting together the following “real note investor” quiz to help you determine if YOU are a REAL note investor or … Read more…
Most note holders initially ask for a full purchase. Many of them have just discovered the fact that they have the ability to sell their note and have no idea that alternate purchase options are possible or are even available. As a result, many note brokers only focus on full purchases the majority of the … Read more…
This is a true story. It was an average Tuesday morning. I was sipping on my Monster Ultra White while checking emails when my first call of the day came in. I answered the phone enthusiastically. However, what I heard turned my stomach. “Listen, I don’t want a bunch of B/S. I would just like … Read more…
Have you ever considered buying a note secured by property on leased land? This interesting arrangement is actually more common than you might think. Before you make assumptions about what this would mean or whether or not it’s a good idea, consider the pros and cons of a note secured by property on leased land. … Read more…
This is a rant and might be hard for some of you to read. I decided to write it because I get contacted several times a month from individuals who purchased what they were told was a good note that went bad and they are asking me for advice on what to do. So, hear … Read more…
For every note business and entrepreneur, profit is a crucial part of being successful in the note business, or for that matter, any business. Fortunately, there are some strategies that you can implement to set yourself apart, create more value, and generate more transactions. Before I share some strategies to increase profits in your business, … Read more…
Last month’s article was about the basics of title insurance and why a note investor should get a Lender’s Policy of Title Insurance when buying an existing note. I get a lot of questions, especially from new note brokers and note investors about what to look at and how to read a title commitment and … Read more…
When purchasing a Seller Financed or other real estate secured note, whether performing or non-performing, part of the due diligence should be obtaining a Lender’s Title Insurance Policy. But why? And what is Title Insurance anyway? Title insurance is a form of indemnity insurance that protects against financial loss sustained from defects in a title to … Read more…
Very successful Note Professionals are not made overnight. For as much as you may desire to have more deals than you can handle, there is a process. Success isn’t just handed out. Remember to respect the system. There is nothing wrong with working on one deal at a time, and growing your note business methodically. … Read more…