Monday, May 18, 2009

What Is the Notes Business

First to understand what the Notes Business is you must first know, what a note is. A note is the promise to pay a certain amount of money, over a given amount of time.(I.O.U.) There are many different ways to create a note. If you think about it, I know you can think of some notes, that you may have yourself. The most common note that's out there today is called a mortgage. A mortgage is a promise to pay a certain amount of money, over a given period of time, that's secured by Real Estate, so the Notes Business is born. There are several different notes out there that's secured by Real Estate. For example:
  • Mortgage Notes - Residential homes, Mobile homes, Condos (etc.)
  • Commercial Notes - Malls, Office Spaces, Retail Outlets (etc.)
  • Land Notes - Development Properties, Raw Land.

As you can see a note can be created almost anywhere. The word note has many different names as well. For example:

  • Promissory Note
  • A Trust Deed
  • Deed of Trust
  • Paper

Whichever you decide to call a note, it's still just a note. Now that you know what a note is I can tell you how it can become a very profitable business for you.

  1. Find Note Holders - Let the note holder know what it is that you do.
  2. Find Buyers - Buyers that want to invest in the monthly payments of the note holder.
  3. Cash Your Check

Then start the process all over. It's just that simple. Now you see the Notes Business can be a very profitable business with endless opportunities, and I have just scratched the surface.

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