Note Buying Courses – Real-Life Nonperforming Notes Education
8
How to Profit from Discounted Bank Notes
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Transcript of Note Buying Courses – Real-Life Nonperforming Notes Education
How to Profit from Discounted Bank Notes
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1. Sell Note
EXAMPLE: You buy a $150,000 1st Mortgage for $85,000 because the borrower isn’t paying.
Exit Strategies:
2. Refinance
3. Reinstate
4. Payoff / Short Sale
5. Foreclosure
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You can do this:
Benefits of Note Buying
• Without fixing the house
• Without seeing the house
• Without speaking to homeowner (no deed needed!)
• With a SINGLE document
• By building a SINGLE relationship
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Oakland, CA
Cost: $23,500 Gross Profit: $96,500 Deal Time: 34 Days
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Oakland, CA
The Purchase
The Date
The Bank
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Oakland, CA
The Sale
The Price
The Date
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Savannah, GA
Cost: $12,500 Gross Profit: $15,701Deal time: 99 days