A note is essentially an IOU — someone needs money, they give you an IOU, and you give them the money. In real estate, notes are used in lieu of using a bank. You buy a piece of property using owner-financing, making the seller play the role a bank normally would. When done correctly, cutting out the middleman and purchasing real estate with notes can increase efficiency and facilitate money-saving win-win situations for all parties involved.
Mencarow is a note wiz — he’s been doing this for decades and knows just about everything there is to know about notes, from performing to non-performing, mathematics, percentages, and the effects of interest rates.
Thinking about investing in notes yourself? Abhi and Bill also talk about what makes the ideal investor for making money with notes.
Fill out the contact form at PaperSourceOnline.com. There are special discounts for Think Realty Radio listeners who register with coupon code THINKREALTY.
0 Comments