The Texas Department of Savings & Mortgage Lending made the following announcement today (8/12/10) regarding the impact of the SAFE Act on the Texas statutory de minimis exemption from licensing for seller finance. The de minimis exemption allows a seller to carry back notes on up to five property sales per 12 months without having …
Texas Continues De Minimis Exemption Under SAFE Act Read More »
The Home Depot fired an employee for refusing to remove a “One nation under God” patriotic button from his work apron. Trevor Keezor, a Christian, said he wore the button to support his country and his 27-year-old brother, who serves in the military in Iraq (story and video here). Dozens of homosexual employees participated in …
Here’s an example: Someone owns a house free and clear — no mortgage. They sell their house for $200,000, receive a $40,000 down payment from the buyer and take back the $160,000 balance as a note, an IOU, from the buyer, where he promises to pay the $160,000 plus interest in installments. The note is …
What is a seller carryback note? The kinds of notes that are the easiest to find and work with are privately created when someone sells a property or business and “carries back,” “holds” or “takes back” some or all of the financing. All those terms mean the same thing. This type of note is known …
Innumerable ways. You can buy them for investment at yields above bank CDs and money market funds. Or you can buy them at one price and sell them for a higher price (since the value of a note is not fixed like a stock, it is totally negotiable). You can even contract to buy them, …
Because of THE TIME VALUE OF MONEY: dollars in the future are worth less than dollars today. A financial calculator is used to determine the value of a note, based on the investor´s desired yield.’
Investors in cash flows find them to be high-yielding investments. Notes, also called cash flows, income streams, debt instruments or paper, are thought by many to be limited to discounted seller carryback mortgages. Today, however, the terms mean much more. Not only are smart money managers investing in and brokering discounted seller carryback mortgages, trust …
Three months before the elections, rumors are running wild from Washington to Wall Street that the Obama administration is about to order government-controlled lenders Fannie Mae and Freddie Mac to forgive a portion of the mortgage debt of millions of Americans who owe more than what their homes are worth. An estimated 15 million U.S. …
By Lonnie Scruggs If you’re running short of money, maybe it’s because you’re not asking enough questions: Especially when it comes to asking for discounts when you buy something. It’s amazing what results you can get sometimes by simply asking a question. Let me explain what I mean by sharing several actual case histories with …
If you are considering selling a business or cash flow investment property in the new few years be aware of a new tax change that might affect you. A new tax will go into effect January 1, 2013, for individuals earning $200,000+ annually, or $250,000+ for couples. This is especially important for those using the …
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