I asked Donna Bauer, our featured speaker at Traction REIA this month about why she loves the note business.
Here’s what she said…
DONNA BAUER:
Over the years, I’ve done all types of real estate transactions: buying, selling, leasing—virtually everything having to do with real property.
I’ve also done all types of note deals: performing, non-performing, seller-financed, and everything in-between.
I can tell you — without a shadow of a doubt — that given a choice, I will always choose note deals over dealing with real property.
I believe that once you learn about notes, you’ll love notes, too.
The secret to carefree, successful real estate investing is to control the real estate without owning it. When you own the real estate, you own all the headaches that go with it. If you’re investing in notes, then, instead, you’ll have the security of the real estate without any of the headaches.
Yes, the security of real estate without any headaches.
The reason for this is that you never actually own the property.
You own the note.
And since you don’t own the property, you don’t have to deal with:
* tenants,
* trash,
* toilets,
* or termites
You don’t have to deal with them ever again.
You also don’t have to deal with:
* repairs,
* rehabs,
* contractors,
* or even liability claims.
You don’t even have to worry about carrying costs such as taxes, insurance, utility bills, or HOA fees.
In other words, you’ll have no negative cash flows, unexpected expenses, or headaches when you’re dealing with the note instead of the real property.
Are you beginning to see why I love notes?
I enjoy all the security of a real estate investment without any of the hassles!
One of the most common questions I’m asked when I talk about the security of notes is, “What happens when the borrower doesn’t pay?”
You might come to an agreement with the borrower to accept the deed to the property in lieu of foreclosing and jeopardizing their credit. Otherwise, you’ll simply go ahead and foreclose, where one of two things will happen: either you’ll be paid off at the foreclosure sale, or you’ll wind up owning the property.
At that point, you will have to deal with the property, but if you have used my evaluation process, you can often sell it for extra profit, keep it for residual rental income, or even move into it if you want.
I’ll drill down into these techniques at Traction REIA on Thursday March 18th & Saturday March 20th.
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TOM ZEEB:
We’re looking forward to your events Donna!
Everyone can get signed up here. Works nationwide. Join us on Zoom from anywhere:
#1. Main Monthly Meeting
TOPIC: “Note Buying – Incredible Opportunities Especially During a Pandemic”
SPEAKER: Donna Bauer
Thursday March 18th ONLINE using ZOOM.
6pm Eastern
5pm Central
4pm Mountain
3pm Pacific
Works nationwide. Join us from anywhere.
#2. Training Intensive with Donna Bauer
TOPIC: “The NoteBuyer’s Stimulus Plan: Make Money From Home Doing Notes”
Saturday March 20th ONLINE using ZOOM.
10am to 2pm Eastern
9am to 1pm Central
8am to 12Noon Mountain
7am to 11am Pacific
Works nationwide. Join us from anywhere.
Tom Zeeb
President
Traction REIA:
12+ Year Recipient of the National REIA “Honors of Merit”
and the “Award of Excellence”
For Best Real Estate Investor Association!
