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Normally, our episodes focus on making strong, equitable real estate investments but as investors feel the restraints of a tightening lending market, they are looking for alternative financing options. Mortgage notes represent a secure and a stable income market. Buying and selling mortgage papers can yield sizable returns that can supplement an investor’s income-base.
David Campbell is a jack-of-all-trades in real estate investing. He is an experienced real estate investor and developer, he handles property management, and he buys and sells mortgage notes and offers private financing options. David, who made the transition from high school band director to real estate investor in 2001, began buying and selling mortgage papers in 2012 and has manged an increasingly profitable debt portfolio since. This episode, David discusses his multi-transitional career in real estate and how buying mortgage notes can be a great way to invest in real estate.
- Market demands alternative financing options
- Private lenders + Seller financing
- Self-Directed IRAs – about 60% of alt. lending market
- Used for non tax-efficient assets like mortgage notes
- A significant mortgage/debt portfolio can be stable and lucrative income-base
- Happy to make $ on deal by end term?
- Deal still profitable w/ out loan payment?
- Predatory loan claims risks?
- Mortgage notes and Dodd-Frank
- Work with Registered Loan Mortgage Originator – creates ‘Qualified Mortgage’ papers
- Loan can be guaranteed against inconsistencies with Dodd-Frank regulations
- Ensure notes are good before buying
- Borrowers – debt-to income ratio 45% or lower; no higher than 6.5% above average prime offer rate; 15 + 30 year terms (9.5% rates)
David’s website www.hasslefreecashflowinvesting.com is loaded with materials and resources for real estate investing, development and financing. Visitors can find out more about David’s enterprises as well as check out his blog for even more information! For other inquiries, David can be reached directly by email: david@hasslefreecashflowinvesting.com