the best way is to hook up with real estate investors that rehab....for instance we buy nasty foreclsures and rehab them...so what we do is create notes for buyers to get the home sold quickly once it is ready...not every home but we have done some...so basically if you get a group of investors that create their own notes you have a client base right there ...also like another person mentioned they would need to know your guidelines on purchasing the notes ...matter of fact if you have some guidelines you can forward them to me at **Please See My Profile** if you like...
Call me crazy, but I have never had a problem with seasoning. But then I tell my potential buy right up front that I have owned it less than 3 months, and that they need to use a lender that does not have seasoning requirements. Typically this will be a conventional lender. One that requires 10-20% down. I get a pre-approval letter, then I talk to the mortgage broker or lender - prior to ever signing a contract.
I have bought and 2 weeks later refi-ed to pull cash out. After I pull cash out I can sell with owner financing, get alittle down and carry the balance with a wrap around mortgage, creating passive income.
By carrying you can traditionally get more for you property and you still have control.
How you like to buy. What is your criteria.
i know of note buyers who want me to find them not sellers ... thats why i asked
what type of notes are they looking for? I am a mortgage broker getting into funding my own deals.
the best way is to hook up with real estate investors that rehab....for instance we buy nasty foreclsures and rehab them...so what we do is create notes for buyers to get the home sold quickly once it is ready...not every home but we have done some...so basically if you get a group of investors that create their own notes you have a client base right there ...also like another person mentioned they would need to know your guidelines on purchasing the notes ...matter of fact if you have some guidelines you can forward them to me at **Please See My Profile** if you like...
Call me crazy, but I have never had a problem with seasoning. But then I tell my potential buy right up front that I have owned it less than 3 months, and that they need to use a lender that does not have seasoning requirements. Typically this will be a conventional lender. One that requires 10-20% down. I get a pre-approval letter, then I talk to the mortgage broker or lender - prior to ever signing a contract.
I have bought and 2 weeks later refi-ed to pull cash out. After I pull cash out I can sell with owner financing, get alittle down and carry the balance with a wrap around mortgage, creating passive income.
By carrying you can traditionally get more for you property and you still have control.