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I
have been busy over the holidays, and many of
you know I had computer problems at the first
of the year, so I am just now finding the time
to put out THE NOTE PROFESSOR NEWSLETTER. For
those who have contacted me, thank you for being
patient. Since I have received several calls wanting
to sell me 2nds, which must be deeply discounted
on the market, I am going to divulge a DYNAMITE
note technique using your 2nds that will allow
you to put deals together for virtually no money
down, utilizing your 2nd liens. Here is an excerpt
from THE
NOTE PROFESSOR NOTEBOOK. If you have some
2nds, I know you are going to benefit from this
one. Option
with Payments (Nothing Down) More>>
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An
Anatomy of a Note
When
you get into the note purchasing business, you
will be surprised at the sloppy structure many
of the notes contain. You will also be surprised
that many professionals will take back notes that
are vague at best, and just outright worthless
at the least. For example, a Realtor brought me
a note in his "portfolio" and wanted
to know its value. Here is the way the note was
drawn up. "Payor will make monthly payments
with 10% interest for ten years". Did you
notice that there is no mention of when the payments
start? Are the payments interest only? Do the
payments include principal and interest? Does
it state what the payment will be? These are just
a few questions that are unanswered. You might
think no one would create a note this shabby.
More>>
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