Notes?

Comments(8)

• 
  kenmax16th July, 2004

  note inv. purchases notes at a discount. where as rei is dealing with the home. example would be buying a home expecting it to increase in value.

• 
  landairsea17th July, 2004

  Note investing includes purchasing or brokering notes, but that's not all.
  Note investing could be also originating a new loan, create a promissary note and then hold on to it and to receive regular interest payments.

• 
  b1a217th July, 2004

  Does note investing primarily help sellers or buyers? Is it hard to find a note seller? How do you locate them?

• 
  kenmax17th July, 2004

  note buyers buy many different notes. notes on boat,cars,land ,homes, aircraft anything that can produce a note. some note buyers buy notes at a discount then sell them to investors others keep them for their on www.portfilo.others make the notes themselves .....kenmax[ Edited by kenmax on Date 07/17/2004 ]

• 
  b1a217th July, 2004

  Where can I get some more information about a note investor. What they do, how they do it, who they help ect, without having to ask petty little questions to you all? I am new at this and am trying to learn I can about REI whether it involves mortgages/homes or notes. I just want to learn so I can do what will work best for me.
  
  Thank you,

• 
  kenmax18th July, 2004

  just put "note investors " in you "search" engine. you will find "tons' of sites........kenmax

• 
  active_re_investor18th July, 2004

  A bit more on the differences.
  
  A note investor does not generally profit is the value of real estate increases. They do not own the property and most notes are for a fixed interest rate. Hence they do not directly benefit from a rising RE market or suffer from a falling RE market. At the extremes there is an impact but not for small moves in the value.
  
  A note investor is in a secured position. The owner of the property comes after all the lenders, property tax collector, etc. A note investor stands in front of the owner when it comes to liquidation.
  
  An owner has maintenance and other responsibilities such as property taxes. The note investor does not.
  
  Note investors can operate at a distance as the bulk of the decision concerning buying a note is done from what the paperwork says. Most people who buy the actual property want to physically see it before they buy. There is cross-over but the principle holds that buying notes can be done at a distance.
  
  I have done and continue to do both forms of investing discussed here. The one thing that is very much the same for property and notes is that every deal can be difference so details matter.
  
  John
  [addsig]

• 
  b1a218th July, 2004

  Which is more benificial to the seller and which is for the buyer?