Just think about how great the economy has recovered and people are making lots of money and real estate prices are skyrocketing "NOT" LOL
Even though rates are low now, there are still a lot of great note deals to be made.
Just think about this for a moment, foreclosures are up due to stock conditions and home buying is up as well due to low rates. This creates a strange market condition the reflects a reverse condition in the early 70"s where all was just great and then interest rates skyrocketed in the late '70's and early '80's, it became increasingly difficult for individuals to realize this dream.
Sellers of properties soon learned that they would have to resort to SELLER FINANCING if they wanted to sell their properties. This started the era of CREATIVE FINANCING with a deluge of private mortgage holders. The seller, in effect, actually became the lender -- and ended up carrying the mortgage. In 1981 more than half of all real estate transactions involved seller financing and the trend has continued ever since. This, of course, creates a tremendous number of investors who are carrying mortgages and would rather sell them and get their cash now, instead of receiving monthly payments over a long period of time.
We now have a market of low interest rates, low stock returns, 401k flops, massive lay offs, excessive credit debt, more home buying, more foreclosures and now folks are investing in real estate more than they ever have been. This creates a market of excessive rentals, bad credit, and soon and very soon a jump in interest rates with all this in the works I have seen a jump of 12% in owner financing in my market area over the last 90 days and I project even a greater jump in 2003.
This in my eye creates a note buyers market. Even watching the stock market in the note buying industry has stayed stable as a whole. This is a great time and I have been buying aggressively since mid October.
I would suggest checking some of TCI's material and also would suggest the following web sites www.papersourceonline.com & www.notenetwork.com.
Hope this helps, be sure to do your homework and due diligent on all your investments.
I read all I can about notes; I do not have just one I like best. I have read several that have a lot of fluff, but I did learn a few things. Amazon.com will give you ratings on some note buying material.
Now is a great time for note buying!
Just think about how great the economy has recovered and people are making lots of money and real estate prices are skyrocketing "NOT" LOL
Even though rates are low now, there are still a lot of great note deals to be made.
Just think about this for a moment, foreclosures are up due to stock conditions and home buying is up as well due to low rates. This creates a strange market condition the reflects a reverse condition in the early 70"s where all was just great and then interest rates skyrocketed in the late '70's and early '80's, it became increasingly difficult for individuals to realize this dream.
Sellers of properties soon learned that they would have to resort to SELLER FINANCING if they wanted to sell their properties. This started the era of CREATIVE FINANCING with a deluge of private mortgage holders. The seller, in effect, actually became the lender -- and ended up carrying the mortgage. In 1981 more than half of all real estate transactions involved seller financing and the trend has continued ever since. This, of course, creates a tremendous number of investors who are carrying mortgages and would rather sell them and get their cash now, instead of receiving monthly payments over a long period of time.
We now have a market of low interest rates, low stock returns, 401k flops, massive lay offs, excessive credit debt, more home buying, more foreclosures and now folks are investing in real estate more than they ever have been. This creates a market of excessive rentals, bad credit, and soon and very soon a jump in interest rates with all this in the works I have seen a jump of 12% in owner financing in my market area over the last 90 days and I project even a greater jump in 2003.
This in my eye creates a note buyers market. Even watching the stock market in the note buying industry has stayed stable as a whole. This is a great time and I have been buying aggressively since mid October.
I would suggest checking some of TCI's material and also would suggest the following web sites www.papersourceonline.com & www.notenetwork.com.
Hope this helps, be sure to do your homework and due diligent on all your investments.
I read all I can about notes; I do not have just one I like best. I have read several that have a lot of fluff, but I did learn a few things. Amazon.com will give you ratings on some note buying material.
This is just one investor's thought.
John Michael
THANKS ALOT...a great help...
anyone else got any info?
You might want to check out these two items:
John Behle has more items of what you are looking for and is on sale.
John Behle's 5-day Morgage Course
http://www.thecreativeinvestor.com/Product43.html
and Larry Goins Morgage Brokers Course
http://www.thecreativeinvestor.com/Product12.html
HTH[ Edited by joel on Date 11/30/2002 ]