30 Questions
What step involves setting up a payment plan for monthly payments?
Step 10
In the auction described, where are online payments preferably accepted?
Website WWW.FORFAMILYDREAMS.COM
What was the profit made from the winning bid of $6,100 after considering the total investment of $5,500?
$600 profit
What is the ROI achieved based on the winning bid and total investment in the property?
355%
What makes the deal a great one for both the Seller and Buyer?
Seller is happy with ROI, Buyer can use funds for rehab
Which document needs to be signed by participants to agree to auction terms?
Purchase & Sale Agreement
What is a benefit of offering owner financing to buyers?
Selling the property faster
When selling a real estate note, what happens to the responsibility of collecting payments?
It is transferred to the new buyer
Why might someone choose to sell their real estate note?
To diversify their investment portfolio
What does selling a real estate note provide the seller with upfront?
Lump sum of cash
How can selling a real estate note help in investing in other opportunities?
By releasing capital for new investments
What is one advantage of selling a real estate note?
Faster property sale
What is the main advantage of investing in ugly houses?
They have motivated sellers
Which of the following is NOT an example of an ugly house?
A home that has been well-maintained by the owners
What characteristic makes ugly houses attractive to real estate investors?
They are usually priced below market value
How can ugly houses be described based on their condition?
Outdated and poorly maintained
What type of sellers are often associated with ugly houses?
Sellers who want a quick sale
Why do investors need to take on some risk when investing in ugly houses?
Because they require work and may have legal issues
What is the main reason institutions may invest in real estate notes?
To earn profit
What is the difference between first lien notes and second lien notes?
First lien notes have a lower priority claim on the property
Which party is the borrower in a deed of trust?
Trustor
Why is a first lien note usually considered less risky than a second lien note?
It has the first claim on the property
Which type of note has a higher chance of being paid in full?
First lien note
What are some common types of notes that can be sold to investors?
First and second lien notes
What role does the trustee play in a deed of trust?
Holds the title to the property until the loan is paid off
How is a deed of trust different from a mortgage?
Trustee has power to sell the property without a court order if there's default
What type of properties are usually financed using commercial notes?
Office buildings, retail stores, hotels, or warehouses
How are commercial notes different from residential notes?
Commercial notes involve higher loan amounts and multiple borrowers
Who can become the new beneficiary of a loan by purchasing a deed of trust?
Investor
Why might the value of a real estate note vary when selling it to a note buyer?
The value depends on several factors like interest rates and property value
Learn how to earn profit and create a steady cash flow by offering real estate notes to buyers. Understand the benefits of being the bank through owner financing to sell properties faster and at higher prices.
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