DFW REI Club

 Dallas/Fort Worth Real Estate Investor Club

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Saturday(04-18-15) (Register)

Special Half-Day Class

Owner FinancedReal Estate Notes

Hot Breakfast Included! Some of the most successful Real Estate Investors in the world have built their wealth via Owner Financed Notes. Robert McKinney is an Owner Financing expert whose company has closed over 3000 loans. He founded his company, Capital Plus, in 1992 and grew it to be one of the largest direct lenders for owner-occupied residential Real Estate in Texas. In this special ½-day class, Robert topics include the following:

 

 

  • What is an Owner Financed Note?
  • When and How to use Owner Financing
  • How to educate a potential seller about Owner Financing
  • How to help your seller sell his note, so he can cash out
  • The pros and cons of Owner Financing vs. Investing in Rental Property
  • The pros and cons of Owner Financing vs. Conventional Sales of Real Estate
  • Various types of Owner Finance paper, including Land Contracts and Contracts for Deed
  • Who are your potential buyers and the best ways to find them?
  • Understanding loan underwriting requirements, including:
    • A potential buyer’s Debt to Income (DTI) ratio
    • Compliance with the Dodd-Frank Act, Nationwide Mortgage Licensing System (NMLS), etc.
    • How to pull a sample credit report
  • The “5 C’s” of Owner Financing Success
  • Structuing the Sale
  • Down payments, interest rates, and other terms.
  • Essential Insurance Factors
  • Escrow issues
  • Tips on maintaining good records
  • Successful Loan Servicing
  • What if the loan goes bad?
    • Deed in Lieu
    • Foreclosure
    • Work out payments
  • Corporate Note Buyers vs. Private Note Buyers
  • How is the value of an Owner Financed Note determined?
    • Loan To Value (LTV)
    • Interest Rate
    • Seasoning
  • How to grow an Owner Financed Note business
  • Tax advantages
  • How to structure deals that keep getting better over time
  • Discounting Notes
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