Posted by Rich[FL] on April 20, 2005 at 04:46:30:
Yes, Doug; this really works. Go to the forum next door called the cash flow forum and do and read all of the posts there, including the archives. You’ll get quite an education on how this all works.
Rich
buying private mortgages - Posted by Doug-So Fla
Posted by Doug-So Fla on April 19, 2005 at 23:00:26:
Hi,
I just finished reading William Barnetts’ book “Are You Dumb Enough to Be Rich” and there is a section on Alternative Real Estate where he talks about contacting the holders of privately held mortgages and acting as a middleman between them and a company that buys privately held mortgages and you get paid by offering the mortgage holder slightly less than the company offered you.
Does this really work and where do you find mortgage buyers that will work with you in a case like this?
Re: buying private mortgages - Posted by eric
Posted by eric on April 21, 2005 at 15:45:41:
Some states may require that you hold a broker’s license for this. Check your local laws first.