Michael Morrongiello's
The definitive home-
structuring seller-
creating marketable real estate notes!
Marketable notes can be easily converted into
lump sum cash.
MARKETABLE NOTES = CASH
This is a comprehensive study course with proven expert advice on how to save time, headaches, and frustration while earning thousands extra.
You will learn:
How to create marketable real estate secured notes
Proven secrets to structuring marketable real estate paper transactions
A variety of "axioms" that allow you to tweak your seller-
that it is attractive to potential note funders
How to sell your property fast and for top dollar-
How to stop relying on "traditional" institutional mortgage programs
How to creatively acquire and/or sell properties
You will learn the specific underwriting philosophies involved in structuring "paper" with detailed input surrounding many of the variables, such as:
Property type
Property use
Property condition
Property occupancy
Down payments
Payor employment
Payor Stability
Payor's overall credit profile
Payor's credit scores
And naturally, the repayment terms of the note
You'll see many examples of different transaction structures when dealing with marginal credit payors to cleaner credit payors.
This complete course is chocked full of valuable information and very reasonably priced. You'll get the 100+ page manual, 3 Audio CDs, plus the Forms CD.
The audio recordings are top notch with a Q & A style format.
Audio CD #1
Introduction
About Notes, Mortgages, Contracts, and Assignments
Why "Value" is Subjective
Why do Folks Sell "Paper"?
Why Sell a Partial Interest in a Note
What Gets Recorded?
The Quickest Way to Sell Property
Using Wrap-
Taking a Deed in Lieu
Audio CD #2
The "Due on Sale" Clause
"Flavor of the Week" Loans
More about Wrap-
How to Buy for Terms and Still Generate Cash
Steps to a Simultaneous Closing
Why Owner Finance?
Creating Marketable Notes
Audio CD #3
Advantages to Seller
Working Pre-
Why Hard Money is Expensive Money
Additional Advantages to Seller with Owner Financing
Advantages to the Buyer
Criteria for Seller Financing
Documenting Payment History
Dealing with Real Estate Agents
Packaging and Underwriting Issues
The Forms CD includes a number of helpful forms and checklists that will assist you in documenting, processing, and packaging your files, including:
Borrower's Credit Authorization
Buyer's Information Checklist
FNMA Loan Application
Gift Letter
Buyer's Good Faith Estimate
IRS W9
HUD-
Note Information Worksheet
Note Submission Pricing Worksheet
Pre-
Post-
Submission Information Sheet
Transfer of Servicing Disclosure
Truth in Lending Statement
Verification of Employment
Request for Verification of Mortgage Loan or Credit Union
Request for Verification of Rent
Waiver of Escrow Impound
Wiring Instructions
The techniques you'll learn have worked well for many of Michael's students through many different real estate cycles. When you implement some of these concepts, you'll be amazed as you become less and less dependent on "traditional" institutional financing programs.
What Others Have Said About This Course
“Your material is very insightful and has helped me grasp the concepts involved in seller financing my properties…”
— Tim Jacobs, AAA Home Buyers, Richmond, VA
“You saved me a whole bunch of time climbing the seller financing learning curve –I absolutely love this course…”
— John Banham, Quality City Funding, Newark, NJ
“I’ve purchased other materials in the past which had a fraction of the content you have given me…thanks again for over delivering”
— Nancy Christopherson, Lighthouse Properties LLC,
Gig Harbor, WA
“I wish I had this material a long time ago to correct my mistakes and costly lessons learned the hard way. Now I know better…”
— Genaro Cabrera, Avondale, AZ
“Mike, great job-
— Bobbie Sue Martin, C & C Realty & Investments, Milton, FL
“My fear of the unknown is gone. You’ve made owner financing easy to understand and now I truly see the benefits….”
— Maris Villanueva, Atlas Enterprises, Pampa, TX
Want to save valuable time? This information-
Get your copy of Paper into Cash today!
Click below to download Order Form in Adobe PDF format.
The Unity of Real Estate & "Paper" Course
Solid, practical information and time-
Whether you are a beginner or a seasoned pro...
Make the Profitable Connection!
A sample of what you will learn:
• Getting a higher price for a property while selling faster
• Contract clauses that can enhance or detract from the value of the "paper"
• How to defer taxes on any gain using an installment sale
• What is a discounted note is and what are its components
• Analyzing a deal
• How to figure yields
• "Time value" of money concepts and why these are so important
• Screening and evaluating collateral of borrowers
• Taxation issues involving "paper"
• Proper paperwork & procedures for purchasing "paper"
• How to deal with bankruptcy
• "LTV" (loan to value) vs. "ITV" (investment to value)
• "Tweaking" terms for increased yields
• What type of title insurance is needed, what does it cover
• Using "paper" to both acquire & dispose of property
Purchase both courses by Michael Morrongiello, Paper into Cash AND The Unity of Real Estate & "Paper" for one low price!
Complete course only
For a great deal, get both courses and SAVE $99.00.
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