Can anyone share marketing methods that they have used to find discounted notes?
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Rather than finding notes to buy/flip and competing with other investors (whose bidding on the same notes drives the prices up and profits down), for the past 20 years I ‘create’ notes and resell them to investors. Works just fine! Create and keep for high yields when you have money, create and sell when you need money. I’ve been doing this as well as training other investors around the country since 1991.
Rob,
What do you mean by “create notes”?
Creating notes is simple! Here are some examples:
Buy a house for $X
Resell for $X + Y
Y is your mark up…you can get some of Y in a down payment and finance the rest with a note/mortgage. Then sell the mortgage.
Buy a Mobile Home for $3,000
Resell for terms of $500 down and $200/month for 5 years.
Sell the note ($200/month for 5 years) at a discount to yield 18% ($7,876.05) to an investor.
Walk away with $5,376.05 in profit to buy groceries.
Creating notes by selling property with owner financing at full retail after you purchase that property at a deep cash discount can be done with any form of property including cars, trucks, rv’s, trailers, business equipment, etc. Small deals are easy to buy and sell and the notes are easy to sell at high yields.
My 6 week course in notes covers all including how to buy, sell, paperwork, where to find the investors to buy the paper.
Hope that helps.
Rob
R.E. Investor/Mentor