Posts Tagged ‘Private Loan Funding’

Note Buyers Instead of Traditional Mortgage Brokers

Friday, May 9th, 2008

Note buyers are a great way to obtain financing for your next real estate investment. In contrast to the traditional mortgage broker, using a note buyer keeps the transaction private. This is a better route because you will not be sacrificing your personal or business credit to purchase the investment property. In fact, most note buyers do not report to credit bureau’. You might ask, “How can a note buyer take such a risk?”. Well, it’s not really a risk because the transaction contracts have their own set of rules that bypass state laws when a breach of contract occurs. A note buyer is not in the business of funding traditional mortgage loans that require an expensive foreclosure process. Having a note buyer or two on standby is vital to any real estate investor–unless the investor can fund the note themselves.

Note buyers pioneered–the buy a home with no money down revolution. Without note buyers, real estate investing and the real estate market would not have earned the lucrative business reputation that investing in real estate truly is.

Many newbies in the real estate investing business don’t realize how important a note buyer is to them. The overlooking of the role a note buyer plays in any real estate investment consideration is probably the single most reason new real estate investors fail in the business.

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