Posted by Dario on September 17, 2007 at 20:31:52:
In Reply to: Re: Best Cashflow Rentals or Notes/Paper??? posted by John Behle on September 17, 2007 at 19:45:47:
John,
The ad that you recommended in your course was "Fast Cash, Top Price; we buy Contracts, mortgages and deeds of trust. Any size, any state, any condition." Is this still the ad you use or do use a different ad nowadays? What other details about classifieds should I look for in today's market vs when you wrote about it in '91?
As far as working with agents, my friend is an agent and I have been talking to him about creating notes to sell more homes for almost a year and although he likes the idea and says it makes sense, he just never follows through with doing a seller carry back deal. He said he would introduce me to his broker to speak to him about what I do with notes.
Would you recommend giving a talk to a sales staff meeting on how if they talk their clients into carrying a mortgage they could subsequently sell the loan at closing and in turn sell their property faster? Does this techinique work for you in this way even today or do you work differently with agents altogether and offer the agents different benefits on how you could help their business? Other than this, I just can't see an agent digging into their files for past clients that took back a note and mortgage for a referral fee from me especially since for the last few years, thanks to to the subprime fiasco, at least in my market, there hasn't been much of a need for seller financing.
Any advice from you John, on a more efficient way to find notes would be greatly appreciated.
- Re: Realtors & other referrals John Behle 13:23:27 09/18/07 (0)