If you’re interested in making money in real estate but would prefer to not own a portfolio, you might want to consider buying and selling notes! Mortgage notes are an alternative asset class that can produce incredible returns.
Today’s guest, Brad Smotherman, is a real estate investor, podcaster, and expert in buying and selling notes. On this episode of Investing in Real Estate, Brad is sharing his best tips for creating a profitable, sustainable real estate business. You’ll learn about finding the right deals, how to find a buyer, and why marketing is the key to success.
On this episode you’ll learn:
- The five life circumstances that create a motivated seller.
- What Brad looks for in a property.
- What to look for in a buyer.
- And much more!
The Five Life Circumstances That Create a Motivated Seller
- Divorce
- Pre-foreclosure
- Inherited a property they don’t want
- Tired landlord
- Health or safety issue
What Brad Looks for in a Property
Brad admits that he’s not in love with real estate. Instead, his purchases revolve around profits. The biggest thing he looks for in a property is an equity position. As long as the home is not in a high-crime area or contaminated with meth, he will pursue it.
What to Look for in a Buyer
When selling a note, you want to find a buyer who cannot qualify for traditional financing. The buyer should have a reasonable down payment, and consistent income that can cover the payment.
Episode Resources
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.
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