Deduct property taxes from Mortgage

Asked by K. Thornton

“Can I deduct the property taxes on a home I’m holding the mortgage. Buyer cannot make mortgage and tax payments and I have to pay $8,000 in property taxes or lose the home.”

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Dear K. Thornton,

That all depends, who has legal title?

If you still have the Deed to the property because you carried back a contract for deed or a land contract, depending on the laws in your state If I were you I would say you can evict them.

However, If you carried back a trust deed or mortgage (security instrument) along with a promissory note (a debt instrument) then you can foreclose, and depending on your state laws it could take anywhere from 60 days to 2 years.

I would seek a lawyer if I were you, a quick phone call can really get you somewhere.

Andrew Distad
Investor of Real Estate Secured Promissory Notes (A Mortgage Buyer)
Cash4PromissoryNotes.com

To get the best price for your note in the future, make the best note: http://cash4promissorynotes.com/TheBestNote.aspx

How Do You Get To The Bottom Line?

I absolutely love this question, and the answer to it is SO important know! The wonders it can do for your life are endless! This is a “Power Question”!

Every day 9-5 Monday-Friday Pacific standard time I talk to people who need cash. They’re selling the payment stream that they are receiving from selling a property because they had taken back financing instead of receiving cash from a bank qualified buyer. The problem is often that when they took a mortgage they got taken. Often inexperienced property sellers:

-Accept a poor size of down payment,
-They didn’t check the payer’s credit which is often poor,
-They let the mortgage carry on for a whopping 30 years
-And it’s structured at a meager 5% interest rate.

Then when they come to me I need to determine their bottom line. I have two bottom lines that I need to determine:

1) How much they are willing to sell their mortgage for

& 2) How much cash they actually need.

If the 2nd bottom line is much less than their bottom dollar, then they don’t need to sell all of their payments and can actually receive more than the balance of their mortgage. When they take what they need now and how many payments they need to sell to get that, and how much their balance will be after those payments they sold are done being received, it is often more than the current balance of the mortgage. This is because they are selling the right to receive interest they have not yet received. That’s pretty cool isn’t it? Selling money you never received that wasn’t yours to begin with? That’s a pretty cool concept. Imagine what you could do with that. The possibilities are endless.

So how do I determine their bottom line? First I determine their motivation. I ask them questions about the property address, the interest rate, how long they’ve had it, how long they had the property before selling it -things like that. Then, when I have received all the value determining pieces of information I say: “It sounds like you’ve got a steady investment, why are you selling?” If they say they just want to be done with it, I ask open ended questions like: “What do you mean by that?” or “How do you mean?” and if they still don’t tell me their need and motivation, I say: “Lets say I could give you cash for your mortgage and we closed in a couple weeks, whats the first thing you’d do with the money?” and I’d listen to their answer. And then I’d say “Anything else?” and if they came up with something else, I would ask: “any thing else?” Now that they have told me their reasons and the seriousness of their bottom line, I can determine what their real bottom line is. If the need is great enough -and they recognize that need- price is no objection. My price will be the same no matter what, it’s just nice to know in advance if they’re motivated enough to accept it because there is a cost to discounting that I need to know if they’re willing to pay are not.

This line of questioning also can lead to me saying “well if you only need that much cash, why not receive more than what you current balance is if you’re sure these payers can’t refinance to pay you off? Why not just sell enough payments to raise the cash you need?” then I have a chance to handle common objections and presumed myths about the concept to dissolve the fear of the unknown.

Some people will state a bottom line, but they may be putting on a front. They want to play the “my high ball, your low ball, my not so high ball, your not so low ball, my medium-ball-we-can-both-agree-on” game. But that’s not how I do business. I give the best price I can and I stick with it. I let them come back to me if they’re okay with my bottom line and until then I move on to the next one like a waitress with a pot of coffee -no personal offense to rejection- just as the rapper Jay-Z puts it “on to the next one.”

So that’s how I get down to the bottom line, I hope you enjoyed reading this and I hope it enriched your life in some way.

Sincerely,
Andrew Distad
Investor
(760)-296-1573

For more information visit: www.cash4promissorynotes.com

P.S. Stay tuned for my next article: Why notes need to be discounted.

A Safe Alternative To the Stock Market

“We needed to seller finance because my credit is poor and my wife is from Canada” This is what one man from New York told me on the phone one day. And although you might think there could be a large difference between the U.S. and our friends from the north, they too have low interest rates like we do right now. In fact 4 year fixed rates are as low as 2.99% says Canadian Mortgages Inc.

Market Conditions and Overview of the Business

Despite these low rates it is extremely difficult for Americans to obtain these loans because the qualifications to obtain such loans are too rigorous. Call any mortgage broker and you will find you need a 700 credit score or a 20% down payment which many people just don’t have especially after banks increased their payments as per their option ARM (trap loans) and took their equity away from them and sold to other parties for what they were owed. This took the down payment out of the hands of the people and left many Americans so badly damaged in terms of their credit score and cash reserves to put down any money for a new home that they are forced to rent until the foreclosure falls off their credit score, or are they?

Seller financing is the way out. Many smart investors have been resorting to it. And often investors make the assumption that if they decided to take monthly payments instead of an all cash offer, that they would be stuck with that payment stream. But they’re wrong.

What smart investors are doing now, since the banks are lending less to retail buyers, is seller financing. If the banks don’t want to lend loans paid by payors with a 650 FICO with 10% down, paying 9% interest, amortized for 30, due in 10 years, then investors will buy those mortgages all day long from the smart investors who sell with seller financing.

So now real estate investors that prefer to buy and immediately sell houses can now do it without waiting 90 days so that they can reach buyers whose lenders have “anti flipping” rules. In addition to that, the investor’s phone will be ringing off the hook since they advertise their home with seller financing. Then, after you take 10% you can sell your 90% mortgage to an investor like me for more cash and in less time. (A.W. Distad, C4PN Blog)

How does this apply on international terms?

Recently Canadians have been enjoying the currency exchange since the U.S. dollar is lower in value with respect to the Canadian dollar. This means that when they actualize their investment whether its -real estate, or real estate secured receivables- they have not only met their scheduled return on investment (ROI) but they have also increased the worth of the money coming back to them.

A Problem Faced In The International Market

I feel that a huge problem international investors face both in my industry and in the financial services industry  as a whole is that when foreigners gain investor capital there are some people who will sometimes claim investments are available when in reality the investments don’t even exist. They’ll promise a return, sweet talk, handle objections, and then pull a “Bernie Madoff” and I am referring to the man we have all heard about in the news that did what I just described. Then you hear of other people like him that pooled money promising returns and paying the old investors yields with new investors to make it seem like a profit was being turned and then they amount so much cash without new investors coming in to pay the old ones that their scheme collapses.

My operations however are completely legitimate and legal, I am just finding investors to place with mortgages that people need to sell because they would rather have a large amount of cash instead of the small payment stream. How can you be sure of this? A potential investor of these instruments can rest at ease that their money is being put in a legitimate place by simply contacting an attorney of their choice in the area of their investment who will confirm that they can have a both a promissory note (a debt instrument) and a deed of trust (a security instrument) which will be recorded with the county clerk or recorder and they can be further advised by their attorney as to their options for recourse in the event of default.

Transparency International made a good point that when a corporate governance goes bad investors can get burnt. So this is a very real and well known risk that some people will just try to sweep under the rug and ignore international investing all together as an easy but inappropriate solution.

If only they would look at ways to guarantee a secure investment and consult with legal advisors and authors of that country a whole new door would be opened to them.

The Facts

Currently there are over $91,000,000,000 in owner financed mortgages across the United States. (Dalbey, Page 2). It’s a multi-trillion dollar industry!

People have been so grateful that I got them cash instead of their monthly payments. “Thanks for helping me to sell and close on the note. When I need to sell another note, I will definitely use your services again. Thanks, Donacin D.” said one recipient of 76,000 for his 90,000 mortgage in Walnut Creek California.

“It was not by chance that we began working together. You would not believe how many offers that I have turned down and for more money, but if it was not what God wanted, then the amount of money did not matter. We had a divine appointment! God bless, Sherry S.” said another happy promissory note seller.

The following are some of the advantages of real estate notes, the reason they are the best investment, and why people could stand in line to buy each and every one that I find (Dalbey, Page 14):

1. Safety
2. High yield
3. Live anywhere
4. Monthly income
5. No money needed
6. Full or part time
7. Unlimited profit potential
8. Never a bad time to own notes
9. High probability of early payoff
10. No property management hassles
11. Returns both interest and principle
12. No employees, inventories were overhead
13. Increased knowledge of real estate investing
14. Benefits of real estate ownership without the hassle

Both American and Canadian investors can rest at ease in knowing that investing in real estate  notes is a safe investment because, unlike stock in the stock market, real estate never plummets to equal zero dollars in value. There will always be a demand for real estate, it’s just a matter of how much demand. There are also laws in place and judges who enforce the laws of  legally binding contracts. These contracts are typically promissory notes which are debt instruments, and mortgages or trust deeds (aka a Deed of Trust) which are types of security instruments tying the debt instrument to the property. The laws stating that owners of promissory notes that are secured by a mortgage or deed of trust state in so many words that if the owner of said instruments is supposed to be receiving payments but the payer making said payments is in default, that the payee may foreclose and receive title to the property in an effort to recoup their losses. Of course the payer is not breaking a criminal law, and there is no criminal penalty, it is simply a civil law being enforced and such penalties can include both seizure of the security property as well as personal property if the real estate is not enough to help repay the debt.

The Security

Your transaction is closed by an attorney or title company, your lien priority is insured by an insurance company, and your documents are recorded at a county court house. The liquidity is shocking because other investors can buy from you what you have already bought at or above the price you paid for it in a matter of days with a simple assignment of mortgage also processed by an attorney or title company and recorded at the county court house of the state the security property is in.

In Perspective

Investing in real estate notes is about creating wealth with passive investments secured by real estate for a safe and very attractive return. Most people try to generate a retirement income by following all the conventional wisdom letting other people control their money and make their decisions for them. By the time they need the money they discover that barely kept up with inflation. The cost of living has risen faster than their investment. Buying real estate notes is not conventional wisdom. I would challenge you to show me one super wealthy person who earned his or her wealth by conventional wisdom.

Do what everyone else does, Get what everyone else gets

If you do things like everyone you’ll probably not likely be satisfied with the low returns everyone else is getting. So what qualifies me to bring you the message?

How I got started

About 5 years ago I was a school district employee looking for a way to make more money and get out of the job trap.  After a long search and buying some books on late night TV I decided that becoming a real estate note investor was what I wanted to do and I made his decision for a lot of reasons. I started with nothing and over the next few years made thousands of dollars and helped others make thousands along the way. Eventually I got so good at what I was doing I chose to begin teaching others the tricks of the trade and started mentoring others as I myself was mentored by long seasoned industry professionals who had been buying notes for 10, 20, 30, and even as much as 40 years. I learned some lessons along the way I tell you the truth: I learned them the hard way. Then I started to systematize the business making it easier and flow freer and have come to look at myself as sort of an innovator, I hope to someday be the nation’s leading authority at what I do and hopefully, as a result of this class research, expand to parts of the world I can’t even pronounce.

 

A recent epiphany

Lately in my career I have discovered a little known method of acquiring capital to buy notes so that I could increase my profit. I am learning this is not only good for me because it makes my job easier, but it is also good for the investors that I build business relationships with. Rich doctors and lawyers both in the United States and Canada can now achieve much greater returns than stocks, CDs or regular bank account interest rates. They will be ecstatic with the results once I start assigning them notes instead of the typical investors that I work with. Once they see their money grow at an outstanding rate, when they go to bed at night, they would be able to care less what had happened in stock market that day. The program is very simple, in fact completely hands off for them. They don’t have to check the stock charts, call their brokers, or wait for the next crash. I just go find a good note secured by a piece of property and agree to buy it at an all cash wholesale price. When I started this business, it didn’t take me long to realize there were a lot more notes available than there was investors, the problem was that investors often paid much less than sellers were willing to accept so I wasn’t able to make the deal work.

The problem is that banks and other lending institutions don’t buy real estate notes that property sellers create from sales. If that doesn’t make it hard enough, even if I could find a bank to make a loan to buy notes with a line of credit, I need to be a home owner with equity and have a good credit score and a large net worth.

So now I have found a better way.  I have started talking to folks with a little money to invest who don’t mind a smaller interest rate and I have created a program where they can buy the promissory notes that I find secured with a first mortgage or deed of trust on the house and I deduct my fee and present the price to the note seller as always and this will became a very lucrative investment vehicle for that very reason.

But the first concern is safety, however when I make offer on promissory notes I only offer 60-65% of the value of the house. This leave a lot of equity as a safety cushion in the case of default. I am sure it won’t take my new buyers long to realize that if the payments weren’t made that they would end up owning the property at a deep discount. If that happened, they could hire a realtor to sell it and make more than their interest, so it’s a bad thing for them at all.

The higher than usual return is very attractive.  And it’s not problem that my note buyers get a lot more than a CD. And that’s the least they could expect to make regardless of what was happening in the stock market. They get to have a high return day in and day out that they can rely on. This was and still is very attractive rate regardless of what the market has done. A common misconception is that the payer starts paying a higher rate when in fact, their payment stays the same. Investors can get 8-12%  returns because they discount the note so that it will make their desired return, but that’s on a worst case scenario that the note will be paid as schedule. In the event of an early payoff, their returns skyrocket!

And I will offer this high return because the availability of their money is way more important than having them pay the balance on the note, because note sellers often understand the need for discount but it’s the amount of discount that stops many of them from selling. If I don’t raise the money to buy notes at a more competitive rate, I miss out on a profit all together because there could be people willing to pay more than what my current investors can do.

So the note buyer has a good dependable safe return well secured by real estate, and they supplied the capital to grow my business. And the note seller has their cash instead of a life long payment stream. It’s a win-win situation for everyone!

Incidentally, buying loans is nothing new. There are banks and companies in every city doing it right now and have been for hundreds of years. Like I said, It’s a multi-trillion dollar industry. They survive on lower loan to value ratio loans, made to payors with high credit scores and big down payments. Their niche is people who want refinance or purchase a home to live in who can qualify for a nice low interest loan. Our niche is people who cannot qualify for a traditional bank loan. We typically do not buy loans paid by perfect credit payors with big down payments.

Before we get off topic, pull out one of your credit card statements and look at the rate. Congratulations! You’re a person who is paying money to an investor who is receiving a high interest rate. That’s pretty easy to understand. Like I said, it’s a multi-trillion dollar industry.

But here is the real kicker, what if we turn the tables on the banks and grow rich the same they have by using other people’s money? When banks make loans they do with your money. The money you’re allowing to lay around in a savings accounts and in CDs that net less return than the rate of inflation. You receive a meager interest rate while they loan your money out at a higher rate. Then they receive the difference between the two rates that they refer to as the “spread”.  The spread amounts to billions of dollars monthly and that’s why the banks have the big buildings and tons of money

Here’s an ideal: Why don’t people become a bank? (In a way) If you can borrow money at a lower rate and safely purchase mortgages at a higher rate you can make a fortune off the spread. That’s the beauty of it! You get to make money off the banks money! Don’t you just love the mere thought of it? I know I do.

Now let’s look at what we have done,  if you aren’t using your money you have the best rate of return after all: It’s called infinity. You see, if you’re using none of your own money, and you get a return then you can’t measure that return so your return is infinite.

Moving Forward

In order to penetrate the Canadian market I must simply market and educate Canadian investors. Converting their currency of the CAD for the USD is no problem. My neighbors that spend the winter in Palm Springs and fly back to Canada for the summer do it all the time. There are many institutions that convert currency by wire transfer all the time at a small fee.

Education is critical

I have been developing and continue to develop educational materials including a book, audio CDs, and a DVD explaining the benefits, risks, and the security of real estate investments. The international concerns are small because Canada is so close and so similar.

So now you can get a safer return than the stock market! Imagine having a safe and secure investment like real estate without all the headaches of ownership. Imagine doubling your money every 4-5 years.

If you’re reading to move forward, give me a call at 760-296-1573

Regards,

Andrew Distad

Investor

Cash 4 Promissory Notes

http://www.Cash4PromissoryNotes.com

Andrew@Cash4PromissoryNotes.com

(760)-296-1573 Office phone

(760)-296-1573 Fax

P.O. Box 52 La Quinta, CA 92247

“Get the most cash for your promissory note by creating the best note!”

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References

Dalbey, R. (2007). Winning in the Cash Flow Business. West Minster Colorado: Dalbey Education.

Distad, A. (2012, 02 05). C4PN blog. Retrieved 02 05, 2012, from WordPress: WordPress.cash4promissorynotes.com

Distad, A. (2012, 02 05). Cash 4 Promissory Notes. Retrieved 02 05, 2012, from http://cash4promissorynotes.com/Testimonials.aspx

Legrand, R. (2007). How to be a quick turn real estate millionaire. Chicago: Dearborn.

Pontell, H. N., & Geis, G. (2010). How to effectively get crooks like Bernie Madoff in Dutch. Criminology & Public Policy, 9(3), 475-481. doi:10.1111/j.1745-9133.2010.00643.x

Transparency.org. (2011). Retrieved 05 2012, 02, from Transparency International: http://blog.transparency.org/2011/09/05/cleaning-up-finance-when-corporate-governance-turns-bad/

A severely mistaken author of a bankrate article

Here are my thought after reading this article on MSN real estate by Pat Curry of Bankrate.com:

http://realestate.msn.com/article.aspx?cp-documentid=13107725&_p=8dc35d34-a5f8-42af-974f-ec364d8246c9&_nwpt=1

The author of this article is SEVERELY mistaken! -and cynical I might add.

I would like to ask the author:

How many houses have you flipped?
Or how many Real estate text books have you read?
Or how many seminars on investing have you attended?
Or how many books by real estate investors have you read?

If you answered “0″ to those questions, you shouldn’t be writing an article like this, or reading and believing an article like this.

This is a bunch of crap based on false assumptions, whiners, complainers, people that give up, and people who don’t do their homework. The flipper they mentioned is right, they don’t go out and do heart surgery, that’s because they haven’t been to medical school. Once you have the education you can do no down deals -I have done many.

Besides, you shouldn’t get a bank loan. Raise investor capital through educating and encouraging rich doctors and lawyers to get lines of credit so that they get returns on borrowed money. (Infinite returns because it didn’t cost them anything, so it was no down for them too!!!).

Flipping is still happening and at an unprecedented rate for the smart people that have caught on. IT IS NOT “so 2006″.

What SMART INVESTORS are doing now, since the banks are lending less to retail buyers, is seller financing. If the banks don’t want to lend loans paid by payors with a 650 FICO with 10% down, paying 9% interest, amortized for 30, due in 10 years, then Investors will buy those mortgages all day long from the smart investors who sell with seller financing.

If you are not flipping houses, and you want to, go out and buy Ron LeGrand’s book: “How to be a quick turn real estate millionaire” and then read it again to make up for the average comprehension rate, and then TAKE MASSIVE ACTION. And don’t say you should, say you MUST do it, and think of the consequences if you don’t, and if you do.

Taking action is much harder than sitting on a computer, but it pays you exponentially better.

If you ARE flipping houses, you can flip them faster (without waiting 90 days for anti flipping loan buyers) and your phone will be ringing off the hook if you advertise it with seller financing, then, after you take 10% you can sell your 90% mortgage to an investor like me!

Real Estate investing -including doing a nothing down deal- is simple if you just work hard.

Andrew Distad
Investor
(760)-296-1573

http://cash4promissorynotes.com/default.asp

How to create a sellers market with 3 magic words. Period.

Here is it! Enjoy!

Are you tired of waiting for a buyer to come around???

I was talking to a Realtor friend and neighbor of mine named Don and I have to say he certainly sounds like a Realtor who knows what he’s doing. It seems that so many Real Estate Agents –like he had mentioned- are flooding the market and if some are making more of their share, than others are dropping out. I’m sure as you know many have dropped out of the business all together and I have seen that happen in my industry as well. I have seen both investors and institutional funding sources fall out of the game all because they didn’t have practices that were diligent enough to keep them afloat in this downward market cycle. As values decline you need good credit scores and good sales prices and down payments to offset the declining values.

Lately I have been working on making good quality Youtube videos to find promissory notes for sale. So many people don’t know how to create a GOOD promissory note that they can actually sell. I have also stumbled upon a new way of presenting the information.

Not only will seller financing sell your property quick, but you’ll most likely start a bidding war in this buyers market because you create a sellers market from all the people who weren’t pre-qualified by the banks. So few people are seller financing and so when somebody DOES- all the banks “rejects” come on buy and make a bid and the best bid is based on asking price + down payment and credit score. And so once the “best note requirements are met which are:
-10% down
-650+ by people agreeing to a
-9% interest rate
-30 year amortization
- and 7 year balloon payment of the remaining balance,
…Then the remaining bidders bid up the price and/or down payment depending on the sellers preference. And the higher the price, down payment and credit score, the more cash they can get from the sale of their promissory note.

But those are NOT my minimum requirements, The lowest terms are 5% down payment, 600 credit, anything less is almost impossible to sell.

That is- IF they decide to sell. Some like the passive income and I show them how to do it too in hopes that if they ever decide to sell, they’ll come to me for pricing.

If you ever have any questions about creating a good promissory note, I’m here to help. I’ve been buying them since 2007 and I work with investors and funding sources that have been buying them for decades, so if I can’t answer your question, I can get an answer.

Have a great day!

Regards,
Andrew Distad
Investor
Cash 4 Promissory Notes

http://www.Cash4PromissoryNotes.com

Andrew@Cash4PromissoryNotes.com
(760)-296-1573 Fax + Office Phone
(503)-990-3044 Cell Phone
P.O. Box 52 La Quinta, CA 92247

Private/Hard Money Lenders for a purchase?

Anyone out there know of any Private/Hard Money Lenders who are lending on the appraised value of the home in Northern California for a purchase?
If there is enough equity in the property, do you need to bring in much to close? Any rehab loans-100% of the after rehab value? I know there are lenders out there but lending changes everyday. We have great rental history, 18 years on job with good income. How about a lease to own with good terms. Area looking is Northern ca, Antioch, Oakley, Brentwood, Discovery Bay. Just need some to give us a break and we are willing to pay the points and fees to get into a home. Please help us!

Angela
Home Buyer
Antioch, CA

Dear Angela,

If you find someone who is discounting their home, ask them what they were originally selling it for, and tell them you’ll give them their asking price without discounting the home (or at least not that much) but only on the condition that they will seller finance.

If they object- ask why. When they tell you why…

If they say: “But we don’t own it free and clear” -That doesn’t matter. They can create an All Inclusive Trust Deed (A.I.T.D.) or what is also known as a “wrap”. It’s like a circle within a circle. And if they say “but there is a due on sale clause” then they can deed the property into a trust named the same as their last name and then their trust can sell you the property and the bank would have a hard time having the legal grounds to call the loan. Besides- the banks have bigger fish to fry- if it isn’t broken why fix it? Right? I would have a hard time believing that they would call a loan that’s fine when they have so many foreclosures going on.

And if the property sellers say: “But we want cash, we don’t want to wait for our money”

That’s where I come in: I am an investor that buys these kind of loans.

And I show property sellers how to sell their house faster by discounting their well created promissory note instead of discounting the property.

If they have any questions they can call me 9-5 m-f PST
Regards,
Andrew Distad
(760)-296-1573

So What’s It Going To Be? 7% or 8000%?

If you had a 113,500 promissory note at 7% for 30 years from a 120,000 property sale and the payer with a 550 credit score only put 6500 down and your balance was 112,000 but you had opportunities to turn that kind of money over and make a 300% ROI or even a 8000% ROI then why would you sit on a note at 7%?

Even if your note was 7% but you told someone about an investment opportunity that you had where you bought a parcel for 65,000 and sold it for 5,500,000? (putting in that much and getting that much back is a 8000% yeild)

That’s what happened to me today. I came across this guy yesterday and he carried back BAD bad paper. And he’s being very stubborn in discounting it. If you don’t need to sell it then don’t sell it if you like 7%. But if you have better investments waiting, why not liquidate?

That’s my question: “Why would you NOT Liquidate???”

-The payer put down $6,500 which is only 5% down,
-The payer’s have NO credit so they’re score is 550,
-The Interest rate is only 7% in a market where most investors buy notes to yeild 11% or 12%,
-And it’s amortized for 30 years with NO balloon!

This is a bad note- period. I’ve seen worse, but this certainly won’t get top dollar if liquidated by any prudent note buyer. But at least it can be sold. Some promissory notes don’t have that option.

So the seller wants 90,000! But I can only offer 70,000.

Now I know whopper deals like the “buy for 65K and flip for 5.5M” is no average deal but this real estate investor told me that he commonly buys HUD properties for 40K and flips them for 120K and that IS a common scenario for him.

So why not accept my offer of 70,000 if you can buy two properties for 35,000 each and flip them for 105,000 each??? 105,000 x 2 = 210,000 and 210,000 – 70,000 = 140,000 THAT’S A 300% ROI if he did it in a year. But this investor said it would only take a few weeks.

So if he took the money from the note sale which typically takes 12-14 business days -lets say three weeks to be conservative-, and he took 5 weeks (not just 2) to purchase a 35,000 steal and sell a 120,000 deal, then over the course of 2 months then he made…

an 1800% yearly Return On Investment!!!

Buy properties for steals and sell them for deals!

That’s the motto that most real estate investors are following in this downward market cycle and they are doing pretty well. I talk to many real estate investors every day and it seems that the best use of their time and money is flipping properties quick by purchasing incredibly low priced properties:
-from banks,
-from property sellers that need out before the bank forcloses even though they have alot of equity,
-or from the government as tax foreclosure sales.

He’ll come around, I know he will, and when he does, he’ll turn his money over quicker and do it again!

This guy makes money for a hobbie so I know he and I both know the best decision…

Sell the note at a discount so you can buy heavily discounted property and flip it quick by offering to carry financing that you turn around and sell at a discount.

What can I say? It just works!

If you have any questions I am more than happy to give you a moment of my time to answer them.

Regards,
Andrew Distad
Investor
Cash4PromissoryNotes.com
(760)-296-1573

More than just a note seller – a good friend

I just found out my friend Don died. He was 67. I met him because he wanted to sell his promissory note and just spoke to his daughter today and they buried him yesterday. He was the one of coolest guys I knew. He was a boxing heavyweight champion by the age of 16, repaired a sunken boat in Florida and went lobster scuba diving, got a permit to hunt Kodiak Grizzly bears in Alaska. What an awesome guy. I really miss him. I wish I could call him up but I can’t. We used to talk on the phone for hours, but now we’ll just have to wait until I go to heaven too.

He was born in Florida near the original burger king, lived in Tennessee, and lived in Georgia until now.

Out of all of the life stories I’ve heard, his was one of the best.

I miss you Don.

Andrew

How to Sell a Private Mortgage Note

So how do you sell the monthly payments you’ve been receiving since you sold your property with seller financing?

You need a pro.           Period.

If you have not spent years in the market like I have, you don’t know how to evaluate a cash flow, determine it’s security and know what the current competitive market yield is or how to package the relevant information acutely and correctly, and don’t know the current market conditions -local and continental- then you’re lost.

When you’re lost, you need to find your way.

Instead of learning to swing from vines in the middle of the amazon jungle and hope you make it back to your home in America (especially if you’ve never done it before) then it helps to just have someone who knows how to fly a helicopter, who knows how to operate it, has a compass, and knows exactly where to go and how to go there -if you’ll just start climbing the rope latter I let down- you’ll be home in time for supper.

Trying to sell a mortgage note to someone you don’t know and don’t trust is like holding a bucket of money blind folded on a windy day, …You’ll lose a lot of money.

Trust is crucial.

People need someone they can trust when they’re making a large financial transaction. When you make a significant financial transaction you need to make sure you’re working with someone that is real with you, that tells you the truth, doesn’t play games, doesn’t give you sales pressure to accept a price, and has your best interest in mind.

You need someone who knows the market.

This downward market cycle has thankfully cleared out some of the unethical players in this game because they have reaped what they have sown, however some are still sowing and awaiting their crop.

You need competitive pricing, and someone who will tell you the truth about your situation and someone that won’t lead you down some sales funnel. Our pricing is what it is, and we collect as much information upfront so that our pricing has the least likelihood of changing, but everyone who gives pricing on the secondary market always has contingencies when they have not seen a credit report, recent appraisal, or title policy which are things you never have to pay for when selling your promissory note to me. We also constantly network with emerging investors to insure the most competitive pricing in today’s market. But price is just as important as working with the right person.

You need someone who follows the golden rule, the RIGHT golden rule.

There are two golden rules floating around out there and I would like to clear up which one always applies:

“He who has the gold makes the rules”

“Do unto others as you would have them do unto you”

Although the first one applies sometimes, the second one ALWAYS applies to every situation in life. People want to do business with people who have their best interest in mind and they want to receive their money from someone who is not trying to take them to the cleaners.

If you have any questions I would be more than happy to answer them.

Warmest Regards,

Andrew Distad

http://www.Cash4PromissoryNotes.com

(760)-296-1573