So how do you qualify buyers?
do you have to check their rent history? year on job?..etc…
so what is the single most important thing to look for when we qualifying the byer?
:cool with us it is job first /// how long on the job can be a short time as long as it is the same kind of job /// like was transfered that kind of thing
second is credit as all of us have messed up something once or twice
then we go down from there hope this helps
how do you find note buyers?
:cool WE have a long list of buyers and brokers we work with // in most cases we can have a note made and sold in 30 days but most of the time it is 60 to 90 days . IN the interm we are moving on to our next deal and or note to sell we have been here in the real estate bussines in one way or another for over 12 years and have made many many good contacts and are making more all the time !!
ONE of our clients once called us a one stop shop as we do so much here at our office
how much does notes broker charge per transaction? Do they charge note buyers or note sellers?
:coolit depends on a few things the sellers fico and how new or old the note is
6month old note fair credit may get you 80 to 85 % of the value of the note and even sometimes 90 %
332,500.00 note new and fico is fair to bad on the buyer 75% 80 % so you would be looking at about top 266,000.00 for tis note cash now
this help you out
that help me out a lots
Thank you,