Why I invest in high yield notes

[Rob_in_Atlanta]

I’ve been investing in promissory notes since 1991 since I read Jimmy Napier’s book Invest in Debt and attended his seminars in Florida…since that time, I’ve completed hundreds of transaction and have helped many students do the same.

One recent transaction went into default on a mobile home note which I created from buying the mobile home for cash at a discount and re-selling for full retail with private financing. I just repossessed a mobile home which I financed for a family who stopped paying…the history in short is, that I’ve already collected more than I paid for the mobile home, and so I have no more money left in the transaction.

After advertising to re-sell with private seller terms, I secured a new contract for the home and waived the down payment in exchange for the new buyers to clean up the place and make a few repairs. Bottom line is that I secured this new contract for 48 payments of $300.00 beginning April 1st; financing $11,900.00 purchase price.

Works every time!! There will always be folks in need of an inexpensive home for their family to live in, who do not have the credentials to secure financing for that home…with private terms on inexpensive homes, the market is wide open and has been that way for me since 1991.

That is why I invest in high yield notes.

Hope this helps.

Rob

[Redstar1324]

@Rob in Atlanta post:1

I’ve been investing in promissory notes since 1991 since I read Jimmy Napier’s book Invest in Debt and attended his seminars in Florida…since that time, I’ve completed hundreds of transaction and have helped many students do the same; which led me to publish my own book ™DEBT FOR PROFIT©.

One recent transaction went into default on a mobile home note which I created from buying the mobile home for cash at a discount and re-selling for full retail with private financing. I just repossessed a mobile home which I financed for a family who stopped paying…the history in short is, that I’ve already collected more than I paid for the mobile home, and so I have no more money left in the transaction.

After advertising to re-sell with private seller terms, I secured a new contract for the home and waived the down payment in exchange for the new buyers to clean up the place and make a few repairs. Bottom line is that I secured this new contract for 48 payments of $300.00 beginning April 1st; financing $11,900.00 purchase price.

Works every time!! There will always be folks in need of an inexpensive home for their family to live in, who do not have the credentials to secure financing for that home…with private terms on inexpensive homes, the market is wide open and has been that way for me since 1991.

That is why I invest in high yield notes.

Hope this helps.

Rob

I might be interested in this. I want to make sure I understand the math.

First, where do I find a discounted mobile home? On Craigslist?

Doesn’t this strategy take you many years to see your initial investment back?

[Bill_H]

Very nice educational informative post, Rob in Atlanta.

I do approximately the same with Tax Liens.

Currently I get 1.5 percent per month of 18 percent per year.

By doing a bit of due diligence I ended up with three houses this year which I sold for a very nice profit.

Another thing I like about it is that I actually really only work one week out of the year during the sale.

Over the years since 1988 it has been an interesting profitable business

Thanks, Rob In Atlanta, for showing that there is more than one way to make money in real estate.