I reported in THE PAPER SOURCE JOURNAL, and in this blog recently, that US Rep. Barney Frank, chairman of the House Committee on Financial Services, and Sen. Chris Dodd, chairman of the Senate Banking Committee, signed off on allowing three carrybacks per year under the SAFE Act without a license. The Dodd-Frank Wall Street Reform …
New Dodd-Frank Law Allows 3 Seller Carrybacks Per Year — With Strings Read More »
How should you study all the information on the website? 1. Read everything on this website. 2. Take the free e-course. The purpose of the e-course is to explain cash flow/note brokering and investing in detail — I took my 3-day course and distilled it to the bare-bones essence and made it the 7-part free …
How should you study all the information on the website? Read More »
Can you make a living as a cash flow note broker? If you listen to the pitches for the multi-thousand dollar seminars, you will retire rich from your first deal. Unfortunately, it doesn´t work quite like that. The first thing you need to understand is that the note business is simply another small business. A …
Can you make a living as a cash flow note broker? Read More »
Should You Broker Lotteries and Structured Settlements? You very likely will not be able to create a viable business brokering only structured settlements and lotteries. Every broker I know of, and that is a lot, depends upon real estate notes for the vast majority of their business. There are no courses because for the broker, …
Should You Broker Lotteries and Structured Settlements? Read More »
Should you be a full-time or part-time cash flow note broker? IF YOU ALREADY HAVE A JOB: Don’t give it up now! Do not try to be a note/cash flow broker without having another source of income. Brokering commissions come in slowly and are usually few and far between at first. I tell people to …
Should you be a full-time or part-time cash flow note broker? Read More »
Can you get a credit report without permission of the creditor? Lorelei Stevens, President, Wall Street Brokers, Inc., has been spearheading this question on behalf of the note industry for years — unofficially, of course, since there is no organized “note industry.” (Reminds me of Will Rogers’ comment, “I’m not a member of any organized …
Can you get a credit report without permission of the creditor? Read More »
What are the questions noteholders ask? “I saw your ad. What do you mean you buy mortgages?” Your best strategy is to ignore the question and ask one of your own: “Are you receiving payments on a mortgage now?” Otherwise, you may find yourself explaining mortgage investments to someone who is simply curious. Don´t waste …
What makes a good cash flow note? The value of a real estate note depends ultimately on the economic conditions that support the value of the property. An owner-occupied single family house in a good neighborhood located in an area with a diversified, long-term stable economy is the best collateral possible. It is further enhanced …
What’s the truth about the infomercials? A few years ago the suede shoes and pinky ring crowd showed up selling cash flow “seminars” and “boot camps” and “coaching”on TV infomercials, in slick magazines and mass mailings, promising people that notes are the sure path to riches. They tell people: “The note business is easy.” “There´s …
What about all those investors on the Internet? Again, 99% of them aren´t investors at all — they are brokers selling to the very few true full-time end investors. They just want other brokers to do all the work and take a piece of what should be the other brokers’ commissions. What about private investors? …
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