by Joe Crump
Hello My Friends,
You can make money in real estate without the headaches of managing property or without the risks of fixing up properties and selling them... you do it by buying and selling notes.
You can do one "note" deal and have residual income for the next 30 years. This can be a very exciting business.
What are real estate notes?
A "note," "carrying paper," a "mortgage" and a "trust deed" are all variations on the same theme.
When you take a note against a property, you are loaning money to the owner of that property and securing that loan against the equity in that property.
Take for example: If you have a property that is worth $100,000 and you make a loan on that property for $80,000... you have just made a 80% loan-to-value loan against the equity in that property.
If you are selling the property and the new buyer only qualifies for an $80,000 mortgage, you can carry back a second mortgage or a second trust deed for $20,000.
So, they get a first mortgage for $80,000 from a conventional lender and you carry a second mortgage for $20,000.
This makes it possible for the buyer to get into the property for zero down. You will get a note on your property and they will make payments based upon the terms that you negotiated.
If you are looking to get your cash out quickly, it makes sense to carry a short-term note.
But, if the buyer is having difficulty even coming up with a small down payment, it is unlikely that they will be able to pay off that property note in a short time without enormous payments or without having a balloon payment after the term of the note.
If you take a note that only has a 5 years term, you will typically want to make it as an "interest only" note.
The buyer would pay "interest only" on the amount of that note for 5 years and then they would owe the principal of the note as a balloon payment at the end of the 5 years.
My next article is titled, REAL ESTATE NOTES - Part Two "Trading Real Estate Notes For Profit"
If you want more details on these topics...
1) Go and download a copy of my online eBook "Zero Down Real Estate Investing With Bad Credit And No Job", and read it. It will explode your brain and put you on the road to real estate wealth with practical tips and techniques for creating quick chunks of money you can put in your pocket and spend now. (NOTE: It is also available in printed form)
Click Here To Find Out More
2) If you've already read my book and you're ready to take your success to an entirely new level, then you must get yourself a copy of my "Push Button Method" CD/DVD Program. This is the most complete, detailed, step-by-step system available for becoming a powerful, independent, wealthy real estate investor. You will learn to put your entire business on AUTOPILOT. Automation and systemization is the key to running a successful business. When you do this, you will discover that you can make MUCH more money by doing MUCH less work. This is a reality if you have the right tools and know-how.
Click Here To Find Out More
3) I also have an "elite" Six Month Mentor Program and a "Two Day, Buying Event." You can work with me PERSONALLY and have my one-on-one help to get your business going. I'll tell you right up front - it's not cheap, but the people who have gone though will tell you it was a bargain. I also get together with all of my Mentor Students "Live" every couple of months and we actually buy properties together - right there in the conference room. If you'd like to hear more about this incredible "life changing" program, go to this web site right now:
www.ZeroDownInvesting.com
These programs are GUARANTEED 100% by me to quickly put you on the road to financial freedom. They aren't just pie-in-the-sky, get rich quick schemes... they are honest to goodness business building tools that will pay you back many times your investment if you implement them.
The eBook is here:
www.RealEstateMoneyMaker.com
The CD/DVD Home Study program is here:
www.PushButtonMethod.com
The Six Month Mentor Program information is here:
www.ZeroDownInvesting.com
I'll talk to you again soon.
Your Friend,
Joe Crump
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There is an abundance of ways to make profits through real estate investing… and to many normal folks real estate remains a puzzle and they just aren’t quite sure if it’s something that they can do or if it’ll really work for them.
My problem when I started was that I had no money, no experience, and no credit. It seemed like a mission impossible from the start.
However, when I finally was shown how other people in my same position were tapping into the raging river of real estate cash and making fortunes for themselves, I decided I wanted a piece of the pie.
That’s the only difference between a person making millions of dollars in real estate and the person who is making zero… a decision. There is a guaranteed way to make BIG profits in real estate even if you have no money, no credit, and no experience.
If you're a person that takes action and wants something better out of life, then this is the most important letter you'll ever read.
01-26-2008, 01:03 PM
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