Digg it UP - Brokering Real Estate Notes

But most of us know of brokers through two basic fields of expertise, namely stockbrokers and Realtors. Those who work on Wall Street arrange for sellers and buyers to meet and exchange stocks and bonds – thus the important word “exchange” in the famous name “New York Stock Exchange”. Similarly, real estate brokers specialize in finding buyers for those who want to sell property, and then help to negotiate the transaction to a successful close, for a commission fee.

Brokerage can be a lucrative and simple business, because the broker gets paid each time goods or services are traded, bought, or sold – but they don’t need to own property or inventory to take advantage of a profitable market. They enjoy a freedom and independence not found in other kinds of business endeavor, and those with skill can amass great wealth without investing hardly any money for start-up expenses, overhead, or equipment.<

Brokerage can be a lucrative and simple business, because the broker gets paid each time goods or services are traded, bought, or sold – but they don’t need to own property or inventory to take advantage of a profitable market. They enjoy a freedom and independence not found in other kinds of business endeavor, and those with skill can amass great wealth without investing hardly any money for start-up expenses, overhead, or equipment.<

Brokerage can be a lucrative and simple business, because the broker gets paid each time goods or services are traded, bought, or sold – but they don’t need to own property or inventory to take advantage of a profitable market. They enjoy a freedom and independence not found in other kinds of business endeavor, and those with skill can amass great wealth without investing hardly any money for start-up expenses, overhead, or equipment.<

One of the most interesting opportunities in brokerage combines the skills of both the stockbroker and the Realtor, and involves trading mortgage notes (which are similar in many ways to bonds or high-yield stocks) that are tied to the ownership of property. For almost every piece of real estate sold, a note of debt is created. But many of the people or companies who own these notes want to sell them for a lump sum, rather than holding on to them to receive monthly payments.

For instance, many homes are sold with owner financing. Say, for example, that a middle aged retiree decides to sell his home in Texas, and he finances the sale for the buyer with 15-year owner financing, as a way to ensure that he will get steady monthly income for 15 years into the future. Maybe he is getting payments of $1,500 every four weeks, but he changes his mind and decides to sell the loan because he needs to raise a large amount of cash to pay for an unplanned heart surgery.

One option for him is to enlist the services of a

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