How Do We Buy Cash Flow Notes – What If The Banker Says We Don Sell Notes?
How to Buy Cash Flow Notes, a Common Hurdle Let me share with you a common hurdle that one faces when looking for non performing notes. So you’ve been busy cold calling banks and looking for notes to buy. Several bank contacts have told you that either the bank does not sell notes or the bank does not have any non-performing notes. When one hears these objections, should we accept them as the truth or just blow by them and try other contacts? Two Responses to “Can I Buy Cash Flow Notes?” Let’s take a look at the two possible responses you can get: 1. “Sorry, we don’t sell real estate notes”. 2. “We don’t have any non performing notes”. The former, I can believe. The latter, I can’t. If you get someone telling you: “Sorry, we don’t sell non performing notes” there’s probably a 25% chance that what they’re saying is right. If you get someone telling you: “we don’t have any non performing notes” you know there’s a 99.9% likelihood that they’re either misleading you, or clueless. The best
