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Discounted Notes
The business of flipping discount mortgages requires some easily acquired knowledge and skills but requires little or no cash. That is one of the many reasons the discount mortgage business requires serious consideration.
Let me first explain what a mortgage flip is for those of you who are not familiar with this concept.
Step #1--Find someone who has sold a property and as part of the transaction has taken back a mortgage. For any number of reasons (probably because you told them it was possible) they are now willing to sell that mortgage if they can end up with some cash.
If you are really serious about making money with discount mortgages, then you're ready for some surefire techniques for structuring transactions and making money with "low-risk, high reward" discounted mortgages.
Step #2--Find a buyer for that mortgage.
Step #3--Facilitate the transaction.
Step #4-- Pocket the difference between what the seller wanted and what the buyer would pay. This may be somewhat simplified but there really is not a lot more to it once you know what you are doing.
The following list of links provide information or services with regards to discounted mortgages:
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