A few weeks ago, at a note conference in Las Vegas, one of the speakers mentioned that there is enough business for all of us. Actually, he said, we are only scratching the surface, because collectively we buy a small percentage of all the available notes in the marketplace.
Tens of thousands of seller financed notes are created each year, most of them secured by real estate or a business, and most of them in first position, which are the notes most of us want to buy. We know from experience that the majority of these notes are being created out of necessity. Why? The seller really prefers to cash out, but agrees to carry the note in order to get his property sold. Yet with all the marketing our industry does and the wide use of the internet and social media, we talk to only a small number of sellers each year.
Why? Why can’t we find all of them? Why can’t they find us? Where are they? Who are they?
Is There Anybody Out There?
One of the goals of this Blog is to reach out to as many people as possible who one day may decide to sell a property and carry back the note. If I can be helpful in suggesting terms, answering questions, pointing out pitfalls, then hopefully that seller will create as safe a note as possible. And should he decide to sell that note, he knows where to go for help.
It is impossible for those of us in this business to reach every note holder out there. You can help by telling others about this Blog and requesting my Newsletter. We need to make a bigger dent in the marketplace and reach more people. Anyway you can help us accomplish that goal would be appreciated.
