jg714

Based on these numbers, you are lending out $67,000 @ 5.27% This guy is hoping that you are an unsophisticated investor. Notes are rarely sold at face value. I doubt he would pay you full price if the tables were turned. If he could realy cash the note out at full value, he would have done so. Investing in notes is like investing in properties, you have to do your due diligence. Ask him for some info. : 1. Is the note secured by real estate? 2. Is it a first position note? (jr. notes are too risky) 3. What is the LTV ratio 4. Where is the propery located ( what is the market like? declining area?) 5. Who is paying this note? is it owner occupied? Whats thier credit score/s. (if they default, then what) 6. How long is the foreclosure process in that state? When you own a note, you are the bank. Ask questions that a bank would ask. In the best case scenario I would only pay about 50% of the note value and have him make up the difference in cash. Don't be a motivated buyer!

I just don't want to scare the seller off by under-promising too much.

Wow! Thats pretty fast Doug. I'm in California. I wonder if it's the same out here.

What should I tell the sellers when they ask me how long it takes to find a buyer?

Way to go, Peter

send him your comps and have him help you understand why he thinks his house is worth 15% more than comparable houses that have recently sold. Let him know that it is too costly for you to be advertising a property that is overpriced. Make him aware that you lose money as well as he does when his house doesn't sell. And if your market is slow or declining, tell him that his house will sell for even less tomorrow than it will today.

How do you handle an owner who wants you to email them a sample contract.

Is it hard to find T/B's for million dollar homes?

Hey Rich, I guess after almost 6,000 posts and daily 3 martitn lunches, these things are bound to happen. That being said, All I can tell you is......Get used to it, Rahul

Hi Geoff, I can't figure out how to pay realtors. Any suggestions?

I've had the same problem. The upside of that is when you repost you'll be at the top of the list. Does anyone know how many reportings it takes to have your ad removed?

Nice website Dan. Is the property that you are currently selling a CA or a SLO? What percentage of your deals are CA vs. SLO?

How about: There's a better way to wipe out the commission

If you can reach out-of-town buyers, couldnt you also reach in town buyers?

From an investors point of view, What are the advantages of using the MLS?