This also impacts your selection. So start with the 5 main methods, realistically assess your budget, time, and skills, and then make a marketing plan that is best for you.
You can also read these additional articles on Finding Cash Flow Notes:. Tracy combines her knowledge of real estate notes with the power of marketing online to help grow your business! She can be reached at Tracy NoteInvestor. To whom it may concern, I am very interested in the note business since I attended an online note presentation. Is there a contract that we can get to submit to the escrow Company to make sure we get our commission. Also If I hold a Real Estate license does that complicate things?
Ken Schnad We have great success with these and are only selling them so we have more money to make more of them… I can also generate more notes at a lower interest rate. Brad Give some examples of what you have available please. We have a partnership interested in buying notes as well as managing a trust with the same interest. How much is it for you to market for me to receive notes? Tracy combines her knowledge of cash flow notes with the power of marketing online to help grow your business.
How much would she charge?? The expense will depend on the types of marketing you use. Some take more time networking, referrals, content marketing, reverse ad marketing while others require a greater investment of funds like ads or direct mail. Welcome to NoteInvestor. A good place to start is earning income for finding and referring notes to investors. I joined him in as the business prospered. We were one of the larger note brokers i n the country based on the volume of deals we supplied to the two largest note buying companies at the time.
Our primary resource to locate notes was a mailing a list we developed after being frustrated by the companies selling note holder lists focused on data for title companies, Realtors and mortgage brokers and they did a poor job makings lists for our little niche industry they did not understand. My father retired in and I took the business a new direction a few years latter, investing in non-performing notes solely for my own account.
Meanwhile I had a system to collect note holder names in over counties which became Advanced Seller Data Services. We are the only list vendor with hands on experience mailing note holders and we pass on our experiences and expertise to our customers for free.
We mailed up to 50, note holders per month providing us with special insight how to run a profitable mailing campaign most note brokers do not have. Ten unique benefits of our company are listed on our website notesellerlist. NI: What type of transactions will your company consider funding?
For the past seven years I have split my time between creating our note broker mailing lists and buying non-performing notes. The only notes I am interested in are defaulted or otherwise high risk notes I feel comfortable taking through foreclosure, repairing and selling. Currently, I only want notes in Oregon or Washington, preferably near Portland.
Most offers I make are between 25 and 40 cents on the dollar for full purchases. NI: What do you consider the best methods to find cash flow notes? Brokers must use a multi-pronged marketing approach to finding notes. While I would love to have brokers spend all of their money on my lists, they are better off in the long run developing a website and mailing note holders. Direct mail will inform note holders of your services and spark an interest in your company without a search engine redirecting them to a competitor.
The website will give a note holder a greater depth of information about your service and why they should trust you. In the long run I believe, and research has supported, highly targeted mailing lists are cheaper then developing a website and going to the expense of pay per click and other methods for obtaining a high page ranking. While a high ranked website may draw more note holders, direct mail can focus on notes you can actually close with much less competition.
NI: What advice would you give to new professionals just starting out in the cash flow industry? Control anything about your business within your control and learn to adjust as markets change and you develop your business acumen.
Also, know where every dollar is spent in your budding company and use your resources as efficiently as possible. For brokers interested in developing a direct mail campaign, I offer a free simple budgeting program to help you get started. Note holders owning other valuable assets are less willing to sell their note at a reasonable discount then those with no other financial alternative.
Nobody will sell a valued possession to anyone they can not connect with personally or have doubts about their character. You must also develop trust from the investors you work with. Treat everyone you work with like they are your family. Since mailing to a list is a more expensive form of marketing and money sounds like it is tight, you may want to consider methods that take more of your time than your dollars.
This might be reverse ad marketing and building referral relationships. You may also want to check out our new online training Finding Cash Flow Notes. We are only set up to accept credit cards through Paypal for our downloadable real estate notes training programs. It is free for you to create an account and it protects from anyone having your credit card information. If you prefer to not use Paypal, another option would be to mail a check or money order made payable to Diversified Investment Services, Inc.
Tracy Z. Rewey Diversified Investment Services, Inc. Phillips Blvd. Your email address will not be published. Notify me of follow-up comments by email.
Notify me of new posts by email. Contacting note holders offering to pay cash for note payments is a winning cash flow business marketing strategy. Here are three methods for building your list: Method 1- DIY County Records When a property is owner financed the documents are usually recorded in the county records.
What are you looking for? Depending on the documents recorded, this will be: Mortgage — Mortgagee is receiving payments on cash flow note Deed of Trust — Beneficiary is receiving payments on real estate note Land Contract — Seller or Vendor is receiving payments on a contract for deed The Do-It-Yourself approach is a tedious and time-consuming way to find cash flow notes.
Method 2 — List Service There are list services that do all the grunt work for you. Method 3 — Email List Another option is to forget the snail mail and start building an email list. Comments i think i got how to find notes but who do i make the sale to and how do i know i will get a percentage and they wont kick me the middle man out of deal.
Hello Mike, One idea is to market your list to other note brokers and note buyers.
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