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In this course you will begin to understand how a mortgage works from the bank's perspective. It will explain why a bank creates a promissory note and mortgage secured by real estate. We will break down the various parts of a note and you will have a good understanding of how to make money when the homeowners not paying their mortgage. you will hear terms such as promissory note, mortgage, assignment of mortgage, alonge and servicing. I will give you specific websites to go to where you can buy notes and mortgages as well as do investigative research so you can ascertain a good valuation. We will go over various strategies of performing collections on nonpaying homeowners. I will show you specific companies that can put your entire business on autopilot. This is a type of business that you can make money from anywhere in the world just by using a laptop computer or tablet. at the end of the course I will provide you with actual case studies on properties that I personally did the work out and took them from non paying to very excited paying and looking forward to living in the home forever. Also, I will show you how to make $5000 a month without using any of your own money or as much as $400,000 in a single year.
The course is structured in 10 parts and should take you about two hours to finish. It consists of mostly lectures along with illustrations and examples of what the paperwork looks like.
You should take this course if you are interested in finance or real estate. It will show you how to make money from anywhere in the world. You will learn about promissory notes and distressed debt as well as mortgages. This course will not only show you how to make money when a homeowner is not paying the mortgage but it will also show you how you can own property at deep discounts.
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|Section 1: Start Here|
This section gives you the basic understanding of the promissory note and mortgage
More in-depth look and the mortgage and note processPreview
Why we like distressed mortgage notes.
Where to find distressed mortgage notes for sale.
How to know if the note is profitable.
Continuing to find the gold in the note.
It's time to make the offer.
What to do after you buy the note.
A simple way to make 5K A month with distressed mortgage notes.
How to pay back the investors and do it all over again. Rinse and Repeat
I first began my career in real estate in 1994 with my Pennsylvania real estate license. 20 years later in 2014 I achieved my New Jersey real estate license. in my early days in real estate I was content with selling single-family homes mostly to first-time home buyers. As the years progressed I moved on to larger more commercial properties. I took on multi-acre tracts of land and converted them into a state-of-the-art parking facility. All throughout my real estate career I've been dealing with banks and bank financing. This taught me a lot about interest rates and types of interest charge light simple interest or compound interest.
Always been fascinated with the idea that a bank takes your savings and checking account money and loans it out at 500 times the interest rate that they give to the account holder I soon turned a curious side towards how I could become a bank. This is where I found that by buying distressed and nonpaying mortgages I could step into the bank's shoes and not only create the return on investment that the bank was creating but I can go much farther and deeper to help the homeowner stay in their home. This to me was a win win win situation and I loved it.
After years of buying, selling and rehabbing these distressed real estate mortgages I now find myself eager to teach the next generation of investors this mostly unpopulated region of investing. I have closed millions of dollars worth of real estate assets and mortgage note over the last 22 years.