Author: gallc

How Mortgage Notes Work in Chicago

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When you made the decision to invest in real estate, you began gathering a ton of information on market conditions, financing for flips and how to maximize your returns on different types of investment strategies. Those in your circles talk about finding distressed properties, finding value properties to rent and even development. You may hear … Continued
sell a mortgage note

How To Sell a Mortgage Note

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A mortgage note is simply a mortgage in which the person receiving the monthly mortgage payments is a private individual rather than a traditional lending institution like a bank, credit union, or mortgage company. The mortgage note, then, is basically a lien against the property that is, in turn, the collateral for the note. Sometimes, … Continued
make money buying notes nationwide

How to Make Money Buying Notes Nationwide

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You may have had a mortgage with a lender at one time, and then received a notice that you’ll be making payments to a different lender. This change of payment notification means your lender sold the note on your mortgage on the secondary mortgage market. Your originating lender bundled your mortgage note in with others … Continued
distressed properties in illinois

4 Tips for Selling Distressed Properties in Illinois

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Selling a home under the best of circumstances can be challenging to say the least, so when you add the factor of a property in a distressed condition, the headaches begin to multiply pretty quickly. Preparing yourself for the realities of the market should you find yourself in this position can help you avoid the … Continued
selling your mortgage note nationwide

Step By Step Guide To Selling Your Mortgage Note Nationwide

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Usually, private mortgage holders sell their note in order to deal with urgent financial needs that require a large sum of money. The reasons include paying off debt, taking care of medical bills, paying college tuition, paying legal fees, and so on. There are, in fact, no restrictions on how you can spend the money … Continued
note buying in Chicago

Note Buying in Chicago: The Niche Strategy You Should Know About!

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Even beginners can take their first step into the world of real estate investing through the reasonably easy to open door that notes offer. Do not overlook the opportunities that notes offer investors for diversification to achieve a well-balanced portfolio. Notes or promissory notes in real estate are, in essence, an IOU to the lender … Continued
Trouble Paying Your Mortgage During COVID

Having Trouble Paying Your Mortgage During COVID? What 2021 May Look Like For You.

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Are you having trouble paying your mortgage during COVID? It’s estimated that 400,000 homeowners who qualified for government-backed mortgage forbearance programs did not take advantage of the benefits and are already behind on their mortgages. As the new year approaches, the moratorium on government-backed mortgages ends. Nationally, an average of 1 in 10 homeowners are … Continued
How Do You Start Buying Notes In Your Local Market

How Do You Start Buying Notes In Your Local Market?

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Are you thinking about investing in notes? If so, then keep reading because this blog post is all about answering the question, “How do you start buying notes in your local market?” Many people first come to real estate by traditionally investing in properties, structures, and houses on land. Then, as they learn more about … Continued
What Are The Risks of Note Buying In Illinois

What Are The Risks of Note Buying in Illinois?

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If you’re thinking about buying notes, you probably arrived on this article because you are doing your due diligence and you want to know what are the risks of note buying in Illinois to help you determine whether or not to invest in them. That’s a smart decision to perform due diligence before doing ANY … Continued
Advantages of Real Estate Note Investing

4 Advantages of Real Estate Note Investing

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If you’re thinking about buying real estate notes (paper), you’ll love the many benefits they provide. It’s no shock that more and more real estate investors are now jumping on board to buy notes! In this article, you’ll discover 4 advantages of real estate note investing… In the world of real estate investing, there are … Continued
Buying Real Estate Notes

How to Avoid Going Broke Buying Real Estate Notes

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Are you a real estate investor looking at investing in mortgage notes? If so, you might be wondering how to avoid going broke buying real estate notes. After all, notes are a simple, fun way to invest in real estate without a lot of the downside and headaches that other investors experience. Keep reading to … Continued
how to value a real estate note

How To Value A Real Estate Note For Note Buyers And Sellers

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If you’ve considered selling your private note, or an investor thinking about purchasing mortgage notes, one of your first thoughts will be to determine the value of the note itself. How much it’s worth, and how much can you buy or sell it for. So you’re probably wondering how to determine the value of a … Continued
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