How Buying Real Estate Mortgage Notes Provides Less Risk For Investors
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- Опубликовано: 4 авг 2024
- They say mortgage notes changed the game for investors, but how? Clint Coons Esq. and Bill Mencarow are here to discuss how you can learn more about the possibilities of note investing and why so many investors are not taking advantage of this strategy.
We’ve talked about flipping properties, straight buying properties, and a range of other means of investing in the real estate market. However, there is another means of investing we would like to cover in this video that we hope will broaden your horizons to new possibilities.
To help us enlighten those of you watching this video, we’ve brought on an established expert in their field. They started the company Paper Source, and we have been following their work for years now.
Learn more about Bill Mencarow 👇
papersourceonline.com/
We hope everyone finds our guest as pleasant as we do. Please give a shout-out to Bill Mencarow himself.
If you are a business owner, real estate investor, or active investor, please request your free 45-minute strategy consultation with Anderson Business Advisors 👉 aba.link/qyb
With introductions out of the way, let us move on to the topic we will be discussing with our esteemed guest on this installment.
So what are we looking at with our guests today?
The answer is simple… Note Buying!
What is note buying?
In order to get the answer to that question, you’ll have to watch the video to find out. We go over note buying with Mr. Mencarow and what it means to the average real estate investor.
From our personal experiences to the knowledge accumulated over years of practice, we may just have what you are looking for right here, dear viewers.
The potential that comes from learning more on this subject is very real, so don't hesitate to watch the video in its full glory.
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Lastly, thank you for taking the time out of your day to join our community by clicking on the video. We hope we were able to meet your expectations. Have a pleasant day and good luck with your investing endeavors.
Here’s a little about me and my book Asset Protection for Real Estate Investors
andersonadvisors.com/clint-co...
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Let’s Connect
For business or one-on-one real estate asset protection consulting inquiries, you can reach me at ccoons@AndersonAdvisors.com
The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#noteinvesting #realestateinvesting #clintcoons
If you are a business owner, real estate investor, or active investor, please request your free 45-minute strategy consultation with Anderson Business Advisors 👉 aba.link/qyb
Bill seems like the real deal! He's the third Note expert I've listened to and the only one that didn't act like a carnival hawker.
This guy seems so calming, when he speaks, not like others; thank you.
You use a payment processing company to handle the payments, and the homeowner just pays the processor, and the fees.
Mortgage note investments is clutch for real estate investors
Thanks Clint for posting this great interview. Very informative and great content as always.
Thank you for this video . Very informative 👏👏
Glad it was helpful!
Good info thanks
Glad it was helpful!
hi do you buy performing commercial paper in CA? 1st position IO 36 months 8.5%
How much would the loan fees be for a 6 yr ballon payment term loan at a minimum?
Can someone check if federal US gov require any paperwork or registration to provide mortgage promissory notes? It meets a real need in real estate, however to comply with federal and Wash dc laws, it would save lots of time to know if there are gov manitou requirements. Thank you very much!
Awesome thank you for sharing, if I live on a property but am not on the lease, can I buy the note ? If yes, could I evict the people on the lease?
Not with the note but if you buy the property then you can.
How to check if the prospective Noteholder is real?
Will a mortgage company actually sell at a discount unless the note is arrears?
Can we instruct the trustee to discharge the MTG note is this possible?
No way Bey
My mortgage was just bought from my credit union.
Sold to the highest bidder
So who legally have the rights to the house? Name on deed? What about heirs? Seems like too many variables.
The person on the deed owns the house.
It almost sound like he is a private money lender. So a investor/buyer(consumer) would come to him for funds. He has equitable interest in the home. But the owner is responsible for the house upkeep. The yard, maintenance, HVAC and etc would be the responsibility of the owner. Atleast this is how I understand it. The pml would have like a vendor's lien on the home to show his equitable interest
I had a friend that did this in low income and people that were desperate and in trouble. It’s a fairly predatory practice. He got out of it because of the morals behind it. Basically, someone’s in trouble and about to forclose you swoop in and and you pay off a loan that was taken 15 years ago when the house price was worth half. now you’re the owner of the house for its full current value for the price they paid 15 years ago and they are your tenants. You basically swoop in and take peoples houses from under them and you’re selling the equity to investors. Good money but pretty a tad sleazy. And they always call it “trading paper” to take the human element out of it so they don’t have to describe the fact that they’re taking houses and x years worth of equity. The value is in the difference between with the note was for and what the actual value of the houses in today’s market. There’s your Reagan era trickle down economics.
You are not understanding the business at all.
🚹
by law you can't just pull someones credit without them knowing. Contract will be voided if pulled without notification.
Right. Grandpa informed us in the video.
Except this is why we live in a debt enslavement system. Investors, hedge funds, banks and others commiting fraud on people by trading the rights of debt over borrowers from the original creditor for a fee. This is done with promissory notes, which aren't money and no money is in use.
How to be a criminal money launderer whithout be arrested .
Not really. These owners usually cannot get a conventional loan due to credit issues. So they resort to a private loan. Or if the loan is very small, most banks will not lend on it.
Dur dur duurrrr.....
we don’t care about himself or his story please get to the point my man’s i don’t have time to hear about people like that thank you (respectfully)
My thoughts today... jaja
Patience is a virtue.
@@georgeprochnow7330 time is non refundable-
I am trying to get more info....do you have a phone number that i can call?
If you would like a FREE 30-minute consultation, you can request one here
- aba.link/30minSession
How much would the loan fees be for a 6 yr ballon payment term loan at a minimum?