Nick Legamaro shares some of his effective ways of finding a buyer and seller in the note business. There are a lot of people out there who are cash-rich but credit-poor.
Nick’s goal is to help these people obtain homeownership.
Need to know more? Watch this short video now and let Jay take your real estate business to the next level.
He has bought, fixed, rented, sold, flipped, or been a lender on 1000+ properties. He has personally looked at over 10,000 deals. He has built companies for profit and recently sold one to a 100-year-old Federally Chartered BANK! He has done lots of “HEAVY LIFTING” but in moving forward I have made a HUGE shift!
This is where investing in Performing and NPL Real Estate Notes comes in. With his expertise and technology, he can “control” not “own” millions of dollars of assets nationwide. Now he is ready to show how you too can “Be the Bank” and invest in High Yield, Low Risk, Securitized Real Estate Mortgage Notes.
For more valuable information click on this link and watch the complete episode: https://youtu.be/NlD3O9B8rc0 – “Notes & Wholesale Deals With Nick Legamaro & Jay Conner”
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Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal.
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Jay Conner:
So as you say, you’ve got loan servicing company or companies that handle all the details of that and when it comes down to us as the real estate investor, we need to know how to find the deals regardless of how we’re doing this business. We got to know how to find the deals. So we’re not talking about that on this show today. We’re finding deals whether you’re a wholesaler or you going to stay in the deal by using notes. Then, you gotta know how to find the buyers. Your piece here in the middle is how you can make the money flow to make all that work.
Nick Legamaro:
That is correct! We started talking briefly about the buyers and I do want to touch on that. I gave you the little Zillow test to go out and do. The other test that you can do is go take and put something on Facebook marketplace and put seller financing available on a property and tell me how many calls you get. Just don’t put my number in there because I don’t have the infrastructure to take them all. You will be absolutely shocked at how many people will call you reaching out that need help buying. This is a great thing and this is what I love about this model, Jay, we can help people obtain home ownership that have been told no, and they’re good buyers. They’re good borrowers.
I can’t go down to the bank and get a traditional loan, I own multiple companies and banks don’t like that. I’m not a W2 employee, they don’t like that either. If you are in the United States and you have the right to work and pay taxes and you have what’s called an ITIN number, which is an Individual Tax ID Number instead of a Social Security Number, you can’t get a loan either. So there’s a lot of things that prevent if you’re an entrepreneur or you change your job. That’s where that 70 or 75% number comes from. It’s not that they can’t buy or don’t want to buy, it is because they can’t get qualified. There’s a lot of people out there that I call it are “cash rich” and “credit poor.” The credit poor is not even really a number because credit poor in the bank size might be as somebody that’s got a six 80 credit score. And in my world, six 80 credit score is not a poor credit score.
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