How Do You Make Money With Cash Flow Notes?
A cash flow note is actually an informal debt tool that constitutes a legal and binding document stating the borrower’s promise to repay the lender. There are various types of these IOU’s (also known as “Is Owed Unto” or “I Owe You”) documents. There are trust deeds, real estate, tax certificates and a lot more. The most popular are the mortgage or real estate notes. Strange as it may seem, you can make money out from these promissory papers. To learn more about how to profit from these peculiar cash deeds, here are some effective tips. • The first thing you must do is find an attorney to help you create a draft copy of a broker’s contract. It should state all the terms and conditions regarding the transaction that you and the broker are about to partake. It is extremely important that you clearly state the broker’s fee (or finder’s fee) that you require. Whatever amount is stated on this contract should be included in the buyer’s total charges. Having a broker is highly recommended to
