40 Building Your Own Bank With Seller Financing | NoteSchool TV
NoteSchool Real Estate Investing in Mortgage Notes
Release Date: 07/09/2021
NoteSchool Real Estate Investing in Mortgage Notes
Today on NoteSchool Tv, Mr. Eddie Speed & Joe Varnadore confer about the Note Industry Update for this month of July.
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Normally, Brian Lauchner hosts our NSTV and focuses on letting our guests share their wisdom. But today, Brian is our guest! He shares his story of how he was suddenly axed from his job at a software company, with one young child and another on the way. He had to make some serious decisions fast, so he jumped into real estate investing. His early efforts focused on wholesaling and rehabbing.
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Greg and Ben used to wholesale almost exclusively. They took a long pause around 2016 and asked themselves what they want for their lives. The answer: They want more security and more freedom.
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How feasible is the note investing in California or any other State for the matter?
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Bob Repass is the Managing Director of Colonial Funding Group, LLC., where he shares overall responsibility for the management of the firm. In his role as Managing Director, Mr. Repass’ primary focus includes investor relations and regulatory compliance.
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After NoteSchool Tv live show, join the after-party and throw in your questions about the mortgage notes business.
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Greg & Ben’s goal is to build a bank with good solid assets/notes. They believe that If you do it correctly you have so many options other than just cash flow from your bank.
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“ Land is the easiest asset to cash flow” - Ben Legg
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Ben & Greg created a very simple process of buying lands. They learned that most of the sellers don't know how to sell their land thus making a simple process for their sellers became the greatest strength of their business.
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Ben & Greg share their criteria when buying land. One thing to remember is to buy good value and make sure you are protected
info_outlineThis coming Wednesday, July 7th at 11:05 am CT, the NoteSchool Tv team is joined by Mike Powell.
Mike is what we call a “Ninja” Seller Financier having done thousand of seller-financed transactions. Hear Mike talk about how this has helped him build his own bank and listen to his answers to these questions.
Why do you like the seller finance/creative finance space?
How Seller Financing helps you sell more houses at a bigger profit?
Do you have a challenge finding qualified buyers (we call them Penalty Box Buyers) that have good credit and money to put down?
Do you think that offering seller financing makes a difference in people’s lives?
Is it easier to deal with a note versus the tenant?
Timestamps:
0:01 - “It is not every day that you get to hear a “Ninja” investor to talked about how he built his bank, one loan and one house at a time.”
1:52 - https://www.NoteSchool.com/TV
2:49 - Latest News with Joe Varnadore
3:21 - Feds Repo Program Sees Demand Soar To Just Under 1 Trillion Overnight
5:39 - Lumber Prices Dive More 40% In June, Biggest Monthly Drop On Record
6:54 - NoteSchool Leader & Visionary: Mr. Eddie Speed
8:10 - Today’s guest: Mike Powell
9:50 - Using Seller Financing To Gain Customer for Mike’s “Bank”
11:43 - Mike talks about why he likes using seller financing strategy.
14:23 - Seller Financing Is The Ultimate Juice Out Of Lemon
15:24 - Challenges in Finding Qualified Buyers
18:41 - Championing the Deserving Buyer
24:24 - How many seller-financed notes do you think you will do in the 12 months?
24:53 - Mike Powell’s Servicing Business
26:08 - Mike Powell’s Holding Company
27:48 - Feeding Frenzy Friday & Notes Direct
28:37 - Feeding Frenzy Friday - https://www.NoteSchool.com/FFF
30:06 - https://www.NoteScool.com
30:39 - After-Party!
Watch our latest NoteSchool TV Real Estate Note Industry Update: https://youtu.be/nPbDlUT-b4M
Uncover Why Savvy Investors Use Proven Mortgage Note Strategies for Massive Monthly Profits In Today’s Ever-Changing Market… Risk-Free!
Discover more about Note School and profiting without Tenants, Toilets and by taking our FREE one day class:
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It’s A Whole New Ball Game With Creative Financing
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