Note Expo 2014

Note Expo

*Note Expo 2014 – November 7-8 – Dallas, TX

Hi,

I’m part of a community of investors who hold a big get-together every year in Dallas, and this year we’re allowed to invite friends who might be interested.

The event is called Note Expo 2014 – and the name comes from the fact that a big focus of our group is using real estate notes to create cashflow streams and equity. What I love about these gatherings is that in a room with 300 investors, there are about 299 different strategies for making money with notes, with real estate, and with other vehicles. I always walk away with new ideas that make me money.

The bottom line is that this is a serious brain trust of successful, entrepreneurial, creative investors who come together out of a common desire to learn new investing strategies, grow their portfolios, and network.

I think you’d fit right in.

Hope you can join me there – here’s more info if you’re curious: Click here

Talk soon,

Tim

P.S. -Tickets are pretty cheap right now but prices go up when the early bird deal ends. I think you’ve still got a couple weeks though. Book now.

P.S.S – If you haven’t checked out our free 3 part learning series on “Investing in Notes” click here.

Anderson, IN – Non-Performing Note – Create Your REO – $22,000

Anderson front garage
Purchase Note: $22,000

ATTENTION INVESTORS:

Create your own REO’s!!! We have already started the foreclosure process, you just pick up where we are now and when it goes to the courthouse steps, the property becomes yours. The simple process of creating your own REO for less than buying an REO, AND less time!!!! Call today.

Property is vacant, you will not have to evict anyone. All property taxes have been paid, it is just waiting for a new owner to take over.
This will make a great rental property, 3 bedroom asset and will rent in the $550-$650 range immediately.
Call today to build your portfolio!

2610 West 18th Street
Anderson, IN 46011

CALL TIM TODAY DIRECT: 855-750-7070
tim@capfinancialresources.com

Muncie, IN – Non-Performing Note – Create REO – $22,000

Muncie front and garage
Purchase the Note: $22,000

Have you never purchased a non-performing note before? Unsure of the process? We can help…

Give me a call today and I will be glad to explain it to you. I will even give you our loan servicers and attorneys name and they will finish the foreclosure for you. Not much to it from here, we have already done the leg work.

Create your own REO, Don’t fight the crowd looking for the REO’s !!!!!

3 Bedroom, will rent in to $500-$600 range. Purchase the Note now before the foreclosure sale.

  • Address:2306 South Vine Street, Muncie, Indiana, 47302 
  • Price:$22,000 
  • Bedrooms:

Call Tim Direct:

855-750-7070 Toll Free
tim@capfinancialresources.com

Benefits of Investing in Notes vs. Buying Foreclosures/Short Sales

What are the benefits of investing in notes vs. buying foreclosures/short sales? Tim explains the advantages of buying a discounted note using your Roth IRA.

*Make sure you sign up for the FREE “Investing in Notes” Series

Happy Investing!

#buyingnotes #discountednotes #realestatebackednotes#rothirainvesting

So You Bought A Note – Now What Happens?

So you bought a discounted note. Now what happens?

Tim explains the next steps you take after purchasing a discounted note.

*Make sure you sign up for the FREE “Investing in Notes” Series.

Happy Investing!

#buyingnotes #discountednotes #realestatebackednotes #rothirainvesting

What is a Discounted Note?

So, what is a discounted note?

Tim Siebelink, CEO, Capital Financial Resources, explains what a discounted note is, and the advantage of investing in these these using your Roth IRA.

*Make sure you sign up for the FREE “Investing in Notes” Series 

Happy Investing!

#buyingnotes #discountednotes #realestatebackednotes #rothirainvesting

Investment Property – Dayton, Ohio – Owner Financing

Investment Property, Dayton, Ohio

Investors, Purchase this property with a tenant and maintenance company in place. 50% down and we will finance the other 50% @ 4%. Property will fully amortize in just 72months. Own this great investment property free and clear in just 72 months with 50% down. Let the tenant pay the other 50% for you.

Located in Dayton, OH. This 3 bedroom has a large 2 car garage and is well maintained. Great location and easy to rent.

Sale Price of $49,900. Down payment of $24,950 and we will finance $24,950 @ 4% for 72mn’s with a payment of $390.35PI. Don’t pay all cash when you can have investor financing at a low 4% Interest.

Call Tim at 855-750-7070 or send him a message for other properties available.

Go to our Investment tab, Fill out the short questionnaire under “Purchasing Direct From CFR” and join our buyers list. Every time we have an Investment property or Note for sale, We will notify you.

Non-Performing Mortgage Notes As A Preferred Investment

A Conversation with Mortgage Notes Investor Tim Siebelink of Capital Financial Resources

Mortgage Notes BuyingTim Siebelink is a real estate investor who shifted his main focus from traditional real estate to buying performing mortgage notes, then to non-performing mortgage notes.  This sparked our curiosity, so we talked to Siebelink, who offered to share his insights and experience.

How did you find this new opportunity?

I was buying performing notes at a discount for cash from Sellers who had sold their property using seller financing and we’re tired of the small monthly income from the note.  When the economy tanked, with so many losing their jobs and property values in decline, many homeowners quit making their monthly payments, creating the perfect storm for me in non-performing notes.

How did you find non-performing notes?

I’m too small for banks.  So I deal with hedge funds whose business model is whole selling. They buy a large pool of notes from lending institutions and wholesale to investors like myself.

How do you determine what to buy?

The hedge funds sends out a list called “a tape.”  This is a spreadsheet I slice and dice to eliminate notes that do not fit my investment criteria.  I choose certain states and look for owner occupied properties, then buy the notes at a deep discount, usually at $10,000 to $15,000 each, for properties where the broker price opinion is between $35,000 and $50,000.

Then you negotiate with the borrowers?

Yes, my first question is “Do you want to stay, or do you want to go?”  If they want to stay, I’ll work with them.  But I work differently than most large lending institutions.

Tell us about that.

Large lending institutions usually require the borrower to be current, or they like to add the arrearage/arrears to the end of the loan before they work on a modification.  I’m the opposite.  I am willing to forgive the arrearage (from back payments, penalty fees and interest).  I propose we start fresh.  The homeowners see that as a good faith gesture.  I’m interested in creating a workable solution for them, that generates a long term passive income for me.

Do you check their credit?

Why?  I know their credit is trashed.

Do you verify anything?

I ask for pay stubs along with asking them to fill out a financial statement.

How do you determine the payments?

I work backward.  I ask, what does your monthly payment need to be?  And we figure it out together.  I don’t want to be going back in six months to start a foreclosure.  Since I purchased the note in such a deep discount, we let the amount they can afford dictate the interest rate.  In some cases the interest rate ends up being about 5%, but I have cases where the interest rate is 10 to 12% for 30 years.  It all depends.  Remember, I’m not creating a new loan.  I am modifying their existing note to fit their current financial situation.

There are a lot of Federal guidelines we have to follow, but my goal is to keep them in the property, if they so desire.  I can work it out so someone who can afford to pay a $300 to $350 can stay in a house where they owe $50,000.

This seems counterintuitive.  Can you trust the borrower?

Sometimes I can’t.  In that case, I foreclose.  But my track record since I started about two years ago is 90% pay after a modification.  Foreclosure cost me between $1000 and $3000, depending on the state.  Lending institutions cannot foreclose as cheaply as I can.  They spend on average about $25,000 per foreclosure.

Do borrowers walk away from their homes?

Non-Performing NotesYes they do.  They are tired of being beat up, they are emotionally drained, some are ready to move.  By the time I get there, some say, we just want this to be over.  I just got one like that in Dayton Ohio.  When I called the borrower, she said, I’ll deed the house to you, if I can just walk away.  From the care to the outside, I expected the interior would be in decent shape.  Rents in the area are $750.  I paid a broker to take a look and he said it would sell for $45,000 to $50,000.  I can rent, but I plan to put the property on the market and, when its sales, take the cash to buy three more notes.

Do you have investors working with you?

I do.  And I’m always looking for more.

If someone wanted to get into buying non-performing notes, what would you recommend?

Study; make sure they are doing things legally.  Educators (like Eddie Speed at Note School or Jack Sternberg at Noteworthy) are great resources.  I frequently take classes to learn more and to keep up with the changing market.

What are the biggest drawbacks?

There are three things that will burn you in this business: taxes, title and blighted property.  I avoid these problems by doing due diligence, using the web and by paying a local broker for photos and a BPO.

What’s most attractive about this?

It’s a relatively safe investment with high rates of return while keeping homeowners in their homes.  And best of all, it can be done tax free in a Roth IRA.  But this opportunity may not last.

What do you mean?

I figure there’s a 5 to 6 year window.  As the economy picks up, as people can get jobs and their property values go up, this opportunity will end.  A lot depends on what our leaders in Washington do.  When this window closes, I will go back to buying performing notes, because tightening in lending has created a bigger market for seller financed notes.  However, if the economy tanks again, that means more opportunity for me and nonperforming notes.

Either way, I’m good.

* Non-Performing Mortgage Notes As A Preferred Investment, Linda Rohrbough, Personal Real Estate Investor Magazine

Why Notes and My IRA ?

Notes IRA Investing

If you are looking for a great investment vehicle for your self directed IRA or ROTH IRA, Self Directed 401k or HSA, you need to look at  investing in Real Estate by investing in Mortgage Notes.

Owning a note and collecting the monthly payment is much easier than being a land lord and having to deal with the tenants, not to mention the maintenance on the property, taxes, insurance, vacancies and list goes on.

When you invest in these notes, you:

  • Do not buy the property
  • Do not pay to renovate a property
  • Do not have to get a tenant
  • Do not have to hire a property manager
  • Do not have to deal with any tenant issues (because you don’t have one)
  • Do not pay to upkeep the property
  • Do enjoy monthly cash flow
  • Do enjoy double digit yields
  • Do have a secured investment
  • Do have an automated system where the debt servicer collects the payment and wires it into you account
  • Do have a debt servicer who verifies property taxes and insurance payments are made
  • Do have the ability to make this tax free (an allowable investment for an self-directed IRA or 401k and other retirement accounts)
  • Do have the ability to buy these at a discount

If you compare this to the landlord model, there really is no debate.

Mortgage backed notes simply make a better investment. After all, you are simply the bank.

You can earn a high rate of return while keeping your investment to value low to protect your capital.

Contact us and we can show you how.

Tim Siebelink
Capital Financial Resources

Retirement and You

Retirement

Retirement, Are You Ready?

Do you think the world is ready for retirement ?

I saw this article and made me appreciate the fact that I have a self directed ROTH IRA and am taking steps to secure my retirement as well as creating generational security for my kids.

The World Braces For A Retirement Crisis

The crisis is a convergence of three factors:

  1. Countries are slashing retirement benefits and raising the age to start collecting them. These countries are awash in debt after overspending last decade and racking up enormous deficits since the recession. Now, they face a demographics disaster as retirees live longer and falling birth rates mean there will be fewer workers to support them.
  2. Companies have eliminated traditional pension plans that cost employees nothing and guaranteed them a monthly check in retirement.
  3. Individuals spent freely and failed to save before the recession, and they saw much of their wealth disappear once it hit.

Those factors have been documented individually. What is less appreciated is their combined ferocity and their global scope.

The National Institute on Retirement Security estimates that Americans are at least $6.8 trillion short of what they need to have saved for a comfortable retirement. For those 55 to 64, the shortfall comes to $113,000 per household.

Let me know what you think:

What will be the retirement age in 20 years?
Will there still be Social Security as we know it today in 20 years?
Do you know someone that is not preparing for their retirement?

Tim Siebelink

Capital Financial Resources
www.capfinancialresources.com
855.750.7070