Need help finding Note holders

[Auntietrina]

I am looking for note holders who want to sell their notes now for cash. I am at a loss as to where to look next. If anyone has any ideas that may help me I would greatly appreciate it. You can reply to this thread or you can email me at auntietrina1@yahoo.com.

Thanks

[Debbie]

Welcome to the Magic Bullets Fambly!

I moved your thread to "Gurus, mentors and seasoned investors" forum to get better responses.

[KCHomebuyers]

Welcome to the forum! There are numerous places on the net where you can get note holder leads, and here's one:

http://bestnoteholderleads.com/ - 100 leads for $35 is a good deal.

I alos advertise on Craigslist, but it's getting tricky. The "spam filters" on the site make it near impossible to place an ad that even remotely advertises a service without getting the ad ghosted.

You can also check out www.noteworthyusa.com (http://www.noteworthyusa.com) for good information and some courses no finding notes.

Your local courthouse is also good - digging through new and aged home sales to find owner financed notes may take a little time, but will turn up good results.

Hope that helps!

[herbster]

I to have been trying to do the Note finding,buying & investing thing.
I've been studing very hard 7/7 for 10 mths. learned tons.
I've done the courthouse research as well. The problem I find there is Notes structured legally but not salable. Most people are unaware they can sell their Note. To many are made between friends and relatives with terrible resell value in them. Others have next to no downpayment and very low interest rates, some at 0%. I believe some think its a scam.
Personally I,m going to try RE agent commissions, business notes etc. no real estate notes.
I've even tryed FSBO's motivated, must sell, facing foreclosure etc. offering to help on OWC, structuring a salable note and brokering it for them. If I get any responce I usually end up giving free advice for nothin.
I purchased leads once and only got 1/10th returned unmailable. waste of time and stamps. Yes I'm a little disgruntald. Good Luck, herbster

PS of course if anyone has a note for sale call me.

[KCHomebuyers]

We started brokering with a couple people from work who have done a few excellent note sales. It's ALL in the marketing.While this isn't a new business, it's new enough to be attracting a lot of people, so you have to stand out.

We've started marketing to leads, but the batch we got was really messed up and ended up with 30% returned as undeliverable. Frustrating, but we're getting double the leads from the provider with many apologies. We'll see how it goes second time around.

I'm also finishing up the program that'll scrape realtor contacts and FSBO addresses off several excellent sites so I can being a post card campaign for heloping sellers sell with well structured and sellable notes. I'll see how that goes ;)

The lady we're partnering with has been an understudy of a guy that used to work closely with our day job company doing factoring, and all he does now is broker notes - very successfully I might add. She's going to be doing a "boot camp" with him in late March, so we'll hopefully have a good bit of knowledge to work with.

If anyone else is brokering the notes, I'd love to hear your successes/failures/frustrations/ideas!

[herbster]

Auntie we're not forgeting you, thanks for the post.
Hey KCHomebuyers, who is giving the boot camp? Where and how much?
probably not near Mi.
Anyway Auntietrina I think the guys at creonline.com are the best, read all their articles and forum for a good education on all aspects of Notes.

[Auntietrina]

thanks for the tip herbster, I will check that out.

[herbster]

Just me again, Hey Auntietrina,
Read the articles & tips from Leonard Stitt at noteinvestors.com he's the courthouse research guru.
Also after I've done my research I go home log on to my local Gov. website, I'm looking for county & township records. from there do parcel property, assessors, cty clerk, state equalizer data base etc.
Around Mi. they use bsasoftware to do this, its not easy but you learn the little tricks to make it work. What you'll learn here is data on the property, legal owner,taxes,lot size, home info. last selling price & more.
I pay attention to the last price becuase it gives me a little knowledge on if there is any equity in the home. not much equity than the note won,t be worth anything.
Let me know what state your in and what software they use, I'm interested as to what software is used where. Thanx, herbster
PS The data should be free but some ask for a couple of bucks. of course you could do this at courthouse to.