What is mean by cash flow notes and what is the purpose of it?
While writing this review of Russ Dalbey’s program Winning in the Cash Flow Business, I realize this is opening a big can of worms. It is based upon a legitimate businesses that can be run successfully if you know what you are doing. It claims to give you all the information you need at an outrageous price, BUT the materials are fluff, hype – not enough to get you started. That’s what makes it a scam. It is a ripoff if you are expecting what was promised. For those who don’t know about the Russ Dalbey scam, it is about making a fortune flipping notes (note are IOUs for real estate, settlement, lottery winnings, …) by find note owners, post it, collect money. Is it legal and ethical? Yes, the cash flow note business is done all the time mostly by banks, investment firms, and real estate professionals, but the money is mostly made by those doing the investing in the notes and not by flipping them over to the investors. On the surface Russ Dalbey cash flow note scam is offering a busine
What Are Cash Flow Notes and How Can I Benefit from Them? March 01, 2008 by Simon Volkov Overview of Three Common Cash Flow Notes Cash flow notes are legally binding contracts which document the promise of the borrower to repay the lender. Currently, there are more than sixty types of cash flow notes. Some of the more common types include real estate, structured settlements and business notes. Real estate cash flow notes are secured by real property such as a commercial building, residential house, mobile home, automobile, boat or airplane. When real property is used to secure real estate notes, a mortgage or trust deed is added. Should the borrower default on the loan, the real property can be sold and used to collect on the debt. Structured settlements are financial instruments used to compensate individuals who have been injured due to the negligence of an individual or organization. This type of cash flow note is secured using annuity payments provided by life insurance companies.
