Yeah, sounds kind of fancy, doesn't it? The reason I'm so excited is that I really love talking to people about investing in (or divesting themselves of) property in this market. My whole joy in life is putting real estate transactions together completely outside of and apart from the institution
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08/20/2008
"Hello Dawn, You really are the note queen! I am a buyer and I am interested in finding owner financed properties. The only way a seller can sell their note is if they have an assumable loan or own their property free and clear. Is this correct? Or are there other ways to do this, and if so, how
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08/11/2008
If you're a buyer right now, it really behooves you to know how to structure a seller financing offer. In the live deal that I'm sharing with you below, the buyers specifically looked for properties that were owned free and clear (there was no mortgage on the property) and zeroed in. Here's the c
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07/19/2008
Bummer . . . well, I found out that my nice little seller financing strategies don’t work on mobile homes in parks when there is underlying financing in place (the seller still owes a bank some money). If the seller owns the mobile home free and clear, or if the manufactured home is somehow affix
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07/16/2008
A common buyer's lament: "Now that prices are coming down and it's finally a buyer's market, there's no more 100% financing, and even though I do have a 5% down payment, it's so hard to get a loan . . . what good does it do to have a buyer's market if I can't buy?" There's a big disconnect out th
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07/11/2008
"Will the seller take 5% down?" the agent asked me. "FHA is the only possible thing out there right now for my first time home buyer, but if your seller can match it, then we should be able to write an offer." This kind of conversation will become increasingly common as the credit crisis plays ou
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07/07/2008
These 10 spiritual principals were received by James M. Allen in 1993 on top of Mt. La Jolla, California. Originally created for the edification of private hard money lenders, the principles largely apply to any seller thinking of becoming the bank on their own property: 1. ALWAYS take possessio
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07/05/2008
I was recently speaking with the managing editor of Inman News, exploring the possibility of becoming a columnist for them around the topic of seller financing and real estate notes as I believe the message to be very apropos. Creative financing is coming back around. Why not educate people about
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07/04/2008
The whole "Note Queen" idea was sort of an accident . . . a mere nickname in the office that somehow stuck. Instead of fighting it, I created a brand around it. Most people merely smile (or smirk) when I call myself the Note Queen, so I was really surprised when one "note buyer blog" Googler foun
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07/03/2008
Trying to close a real estate transaction these days can be like trying to swallow an ice cube . . . it hurts a little, and if it gets stuck in your throat, well, let's hope it converts into liquid rather rapidly. You can sit around and wait, but wouldn't you rather add a little heat so it'll mel
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07/02/2008
