BUY THE NOTE - BECOME THE BANK AND GET RICH! (part 2)

Most investors believe banks make their profits from the interest they receive but they'll be shocked to know that the banks make the majority if their money by the frequency of "turns", "paydays" and "exit strategies" they receive from their investment. Real estate investors only have two "turns, "paydays" or "exit strategies" to make a profit. Investors profit by becoming a landlord and renting the property or by becoming a rehabber and selling the property. That's it! Watch as Terry demonstrates how owning the note & becoming the bank for the cash flow and multiple "paydays" is financially more lucrative than being a real estate investor, landlord, rehabber or real estate agent.

Category:

Education

Tags:

• notes
• buying+note
• buying
• business+note
• companies+mortgage
• for
• sale+mortgage
• note+notes
• to
• buy+buy
• my
• note+buying
• mortgage
• note+buy
• and
• sell
• notes+note
• buy+we
• buy
• notes+how
• notes+selling

[ibuyhouses1]

We agree- you have to be an expert with notes. You have to clearly understand the concept I'm teaching. On all seven exit strategies the bank makes money only if they bought their note at a great price. Check out my video - $40,000 Profit in One Hour From Buying The Note & Becoming The Bank - Case Study #1 (part 1). There's no way the 1st or 2nd bank will lose unless they don't know what they're doing. The investor doesn't make money in this example, that's why I got the dollar from her. Thanks

[ibuyhouses1]

Not if I buy the note at a discount and I factor in my foreclosure costs! If you don't know what you're doing as a note buyer then you are absolutely correct, you will lose money. Anytime you buy defaulted notes from the bank at a discount, you must understand that the homeowner didn't make their payments to the first bank, there is a strong possibility of the owner not paying me either. This is one of the reasons why us defaulted note buyers buy at deep discounts or we don't buy the note

[ibuyhouses1]

Unfortunately I'm not that smart nor did I have direct knowledge of why the real estate crisis happened. I don't know who is to blame and who is at fault but we all are paying the price for the mortgage meltdown. The reference I make on the video is the exit strategy of foreclosure which is one of seven. When a property is foreclosed on by the note holder (the bank) only the bank and real estate agent make money on this particular transaction (foreclosure) and not the real estate investor..

[ibuyhouses1]

In response to 912 alldaylong: Yes, you're correct but let's go deeper. In order for a real estate investor to make money by refinancing they have to own the property first. On a short sale an investor has to buy it first.

In my example I made money on a homeowner's property owning the note. An investor did not own the property. I don't have to own the property to make a profit like real estate investors do. I own the note. That's why I got the dollar. Thanks for the question!

[ibuyhouses1]

CHECK OUT THESE VIDEOS ON THIS SITE AND DECIDE FOR YOURSELF

Buy The Note - Become The Bank & GET RICH Student Makes $400,000 on ONE DEAL Buying Defaulted Notes

Buy The Note - Become The Bank & GET RICH Student Increases Her Net Worth $1.5 MILLION Buying Defaulted Notes

Buy The Note - Become The Bank & GET RICH Student Makes $2,100 A Month For Life Buying Defaulted Notes

[kingwillie206]

@ibuyhouses1 Of course you can make money buying discounted notes if you know what you are doing, however, your example of taking money from the investor and saying "the bank's making money here" is confusing to say the least. In your example you are the bank in a foreclosure situation and I a here to tell you they actually lose money in that particular situation. The real estate agent is the only one who gets paid when that happens, considering they sell the property.

[kingwillie206]

If banks make money when homes are foreclosed on, how did we end up in a nation wide real estate crisis? Why did they need our tax dollars to bail them out, and why do the vet buyers by checking their income and credit? What is this nonsense? Only hard money lenders are in the business of collecting real estate by way of borrower default.

[kingwillie206]

Banks, in addition to many others involved, lose money when properties are foreclosed on. They make money on interest and flipping notes to other institutional lenders. If this guy were a note holder and the mortgagor stopped paying, he would be in a world of shit when the legal fees, unlawful detainer/eviction fee's, and lost income piled up. Not to mention the nonpayment of property taxes, which occurs when the owner has given up on the property.

[stallion5868]

Yep



[912alldaylong]

Real Estate Investors do make money by refinancing a property they bought at a discount and they make money on a Short Sale because the bought at a discount and sell the property at retail price....