Posted by John Behle on September 17, 2007 at 19:45:47:
In Reply to: Re: Best Cashflow Rentals or Notes/Paper??? posted by Mark H on September 17, 2007 at 15:33:05:
My best sources of notes have always been real estate agents and referrals from others like CPA's, Attorneys, Financial Planners, etc. I also do well with classified ads, but it has to be a well worded ad in the right place.
There are about a hundred sources of notes. I have posted them here several times, so they are in the archives. Other people find notes in a variety of ways like direct mail, etc. I've just learned over the years how to work really well with agents and to be a resource to them.
Funding for notes is primarily through private investors, but there are some small institutions that will loan against notes like credit unions, etc. The challenge though it that you have to train and teach them and that can be a real challenge with institutions. I do best with those that already buy or have bought notes in the past. But, I far prefer working with private investors. I found most of them through REI groups and through my real estate activities. Most bankers would have no clue what you are talking about, but when you develop a personal relationship, it can make a giant difference.
- Realtors & other referrals Dario 20:31:52 09/17/07 (1)
- Re: Realtors & other referrals John Behle 13:23:27 09/18/07 (0)