If you want to invest in real estate without the pain and challenge and frustration of actually owning and caring for a real estate property asset then perhaps you’re thinking about investing in notes. If you are a note investor, or want to become one, maybe you’re asking the question, “where can I buy real estate notes in Massachusetts?”
Real Estate Frustrations
Maybe you’re sick of having to deal with the tenants and toilets and termites and trashed houses… maybe you don’t want to have to hound your tenants for overdue rent.
Owning real estate can be a lucrative step toward financial freedom but owning real estate property can be a problem. So it’s not a surprise that many investors are warming up to the possibility of investing with real estate notes.
Real Estate Notes
Investing in notes is an increasingly popular way to build your investing portfolio without the frustration of owning a property. You hold the paper, get the cash flow, but don’t have to worry anymore about whether the roof leaks! If you want to learn more about how to invest in notes, or if you’re asking, “where can I buy real estate notes in Massachusetts” want to see our inventory of real estate notes, give our office a call at (978) 248-9898.
Where Can I Buy Real Estate Notes In Massachusetts
There are several places you can potentially buy real estate notes. We’ll list them here, but be aware that this information is constantly evolving (and it may differ by state) so always check first to make sure this still applies.
Buy Notes Offline – one place to buy notes is offline, such as from banks and lenders (the mortgage originators) or from hedge funds (who used to buy a lot of notes). However, this can be a complex and time-consuming method to buy notes since it’s very “relationship-driven.” Fortunately, there are other ways to buy notes!
Buy Notes Online – another place to buy notes is online. You cans sometimes even buy notes on a site like Craigslist! However, the problem is that if you’re new to note investing, it might not be advisable to just buy notes wherever you happen to see them for sale. If you do choose to buy them online, make sure it’s a reputable site.
Buy Notes From A Broker – Perhaps the best way to buy notes is through a broker. A good note broker will have built a reputation that can give you the assurance of reliability. And, they’ll also have established relationships (such as with banks or hedge funds) to access an inventory of notes that you might be able to access on your own. It’s also easier to buy from a broker, too, because you can identify your investing goals and then the broker can tap into their network to find the best real estate note investments for you.
Tom Wemett of Tom Buys Houses often has notes for sale or an opportunity to create a note for sale whereby you can earn much higher interest rates then is available at a bank or other financial institute. For example. If Tom has an opportunity to buy a property for cash at a discounted price he could create a note with the seller, guaranteed by a first mortgage on real estate, that you then buy at a discount from the seller at closing. The seller gets his or her cash. You get a note, backed by a first mortgage lien on real estate, that provides a higher yield than you are otherwise able to obtain. Tom gets a property with little cash down that provides a good long term cash flow. Call Tom to discuss further if you are interested. – 978-248-9898