Indiana- Looking For Someone To Purchase Mortgage Notes And Hard Monies.

I am an appraiser in Indiana and find properties at 20-40 cents on the dollar regularly. I am looking for a hard money lender and MOST IMPORTANTLY someone to buy notes.
I would like top nut these properties, sell them on contract and cash out the notes asap. Any suggestions on how to best achieve this goal.

Comments(8)

  • InActive_Account22nd July, 2003

    For Hard Money check out the lenders tab.

  • JMF23rd July, 2003

    Hi Jpartlow,

    I'm your go-to guy! Your post is similar to one I just responded to, so I pasted the my response in the quote below...

    Quote:
    On 2003-07-23 02:03, JMF wrote:
    Hi Chieoma,

    Congratulations, you are using one of the most powerful methods/strategies for selling homes. Homes offering owner financing sell extremely quickly and for full market value. The problem is, no one wants to wait for their money. Well now that's not a problem.
    I would be happy to purchase all of your seller financed notes simultaneously at closing. Thus, you can purchase and resell on contract, and then set up a double simultaneous close - using the proceeds from the sale of the new mortgage for your end buyer to cash out the seller - and you. In your hypothetical example, if you got a house worth $100K under contract for $70K and then resold to a buyer for $100K - or even more than that - there is every likelihood that you would walk away with an easy $15K or more after everything is said and done. I work with other investors who do the very thing you're talking about all the time. How else can you consistently make $15,20,25K profits in 2-6 weeks?
    Anyway,
    I can pay you top dollar for your notes by helping you structure the note prior to its creation in order to give it the highest cash value possible. I can close in two weeks or less. Send me an email (look under my profile) and I will be happy to walk you through the process and answer any questions/concerns that you might have.

    Talk to you soon,

    James <IMG SRC="images/forum/smilies/icon_smile.gif">


    So, Jpartlow, if you can purchase homes for 20-40 cents on the dollar, imagine what your profit potential is! There's no reason why you can't earn 40-60% or more. On a $100,000 home, that would be $40,000 - $60,000. Most of the time, you will not need to use a HML - because you will be able to sell the home so quickly with owner financing - average time = 12 days. No need to wait 30-60 days for your buyer to get financed (or find out they have been turned down) because I can close in 14 days or less! $40K or more in 14 days?! That's unconscionable!

    Anyway, send me an email so we can get started immediately!!!

    Talk to you soon,

    James

  • vjmceo24th July, 2003

    Do you happen to be around Indianapolis? If so contact me ASAP because I do business in Indianapolis all the time. I buy many properties in Indy and would like to talk about making money together.

  • adaeze12nd August, 2003

    Sir,
    I can buy these properties from you for all cash. If you want, we can do simultaneous closing whereby you close on your deal with original seller and close with me (end buyer) at the same time and you walk away with a check. If interested, please contact me at **Please See My Profile**

  • CDPOOL2nd August, 2003

    Hello,
    I can offer you top dollar for your mortgage notes (1st and 2nd), trust deeds, land sale contracts, etc. Drop me a private message and let me know what I can do for you. Im sure I can be of great service.
    CDPOOL

  • Jpartlow4th August, 2003

    Adaeze... You have no contact info in your profile.
    Please check my profile and e-mail me.

  • lildell4th August, 2003

    hi im in the indy area and loking to get an appraisle done see my profile

  • InActive_Account4th August, 2003

    Jpartlow,

    Email me (See Profile). I can purchase your notes for cash!! We can close quickly.

    Contact me so we can start today..

    Thanks
    Theo Boyd
    MTM Properties, Inc.

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