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Make Money Easy With Real Estate Notes
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Posted On :
Dec-01-2010
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Article Word Count :
710
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There are plenty of "gurus" on the internet willing to sell you all kinds of interesting
ways that you can type a single sentence and then sit back and just watch as the money
comes pouring in. This is not going to be about one of those.
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There are plenty of "gurus" on the internet willing to sell you all kinds of interesting
ways that you can type a single sentence and then sit back and just watch as the money
comes pouring in. This is not going to be about one of those.
Honestly, do you really think that without a family trust fund you could get money to
pour in by doing NOTHING? Of course, you do not; it is nice to dream about though.
This article will take a closer look at the referral of real estate notes. A home based
business that is taught by folks like Russ Dalbey with his "Winning in the Cash Flow
Business" courses.
Russ Dalbey is the founder and CEO of Dalbey Education and "Winning in the Cash
Flow Business" a educational website and program that teaches people just like you and
me how it is possible to make a profit in real estate without buying, investing or selling
any actual properties. He teaches you all about the real estate note business, how to find
the notes other people own and want to sell as well as how to find people to buy them.
You are paid for being the "middleman" in these transactions.
What is a real estate note?
Simply put a real estate note is an IOU or promise to pay such and such amount over
such and such amount of time. If it is boiled down to pure basics, it is the way ALL
business is handled including that dollar bill in your pocket. Take a look for yourself,
somewhere on that dollar are the words "promissory note." The dollar bill in your pocket
is hypothetically backed up by gold. In real estate, the "promissory" note is backed up by
the property itself.
When one person owns a real estate note it means that that person someone is paying
them a fee to purchase it from them over time. The problem here is often the over time
part of the above statement.
There may be a time when the person who holds the real estate note needs a larger
chunk of cash then they are receiving from the buyer of the property. The reason could be
a chance to get in on an even better deal or just about anything, they just need money
now. For instance:
Sara Noteholder owns a real estate note on a condominium she sold to Bob Payer 2
years ago. Bob makes regular monthly payments to Sara of about $1000 per month on a
$100,000 property. The trouble is that even though Bob pays on time Sara needs $50,000
to invest in her friends "fuzzy purse" business idea. Sara does not have any cash on hand
but she is willing to sell her interest or note on the condominium to raise the funds. She
has no idea who to sell it to or even who might be interested in buying it.
Someone who is referring real estate notes, like you, might contact Sara and offer to
sell her real estate note for her. If she agrees and signs all of the papers you would then
take Sara's note and place it up for sale with a buyer. The buyer decides he is willing to
pay Sara $70,000 for her note, Sara accepts the offer and you are paid a "finder's fee" for
hooking everything up and doing the paperwork to seal the deal.
Sound easy? Well it is and it is not. The trick is to find not only Sara but also an
investor to buy the notes and get everyone together to make the deal. That is what Russ
Dalbey and others teach you to do, find everybody and get them together. Can you make
easy money doing it? Yes, you can but it is not a trust fund that just flows in you will
have to do some work to do it.
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Article Source :
http://www.articleseen.com/Article_Make Money Easy With Real Estate Notes _43576.aspx
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Author Resource :
For more information Please visit Russ Dalbey and Russ Dalbey Scam
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Keywords :
make money, financial freedom, russ dalbey scam, ,
Category :
Finance
:
Real Estate
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