Hello, all, Just a topic for the Interests chat: I'm curious, what all languages are represented in our group? English is my native language, and I've (often surprisingly) held conversations in Spanish and French. Anybody else? CA

These are two questions that I get asked a lot. Let's look at what a Note Partial is and break it down. What is a Note Partial (a stream of mortgage note payments)? - It's an opportunity to buy and sell Partial Payment Streams, known as Note Partials. A Note Partial Purchase offer allows the Note Owner of an existing cash flow instrument, such as a Reperforming Mortgage Note, to sell a portion of the rights to collect future payments to a third-party buyer for a lump sum of cash. - Selling a Note Partial gives the Note Owner a great amount of flexibility. Partials are always a great tool to use when the Note Owner has an immediate cash requirement and only needs a specific amount of money to cover a specific situation or for a specific purpose, such as to buy another Mortgage Note. - A Note Partial minimizes the discount and frees up cash. It is the best of the best. The terms of the Promissory Note remain the same for the Promissory Note with the Borrower. The only thing that changes is the mortgage payments are directed to the Purchaser of the Note Partial.  This works the best if the Note Partial Seller and the Note Partial Purchaser use the same Mortgage Loan Servicer. - The Agreement used for a Note Partial Sale & Purchase is a Note Partial - Receivable Purchase & Sale Agreement. This Agreement spells out the Terms that both parties agree to.  This important document outlines the servicing arrangement along with what happens in the event of an early payoff or default by the Borrower. If I sell a Note Partial (a stream of mortgage note payments), is there an Allonge & AOM created to the Note Partial Buyer? - I was recently asked a similar question. The answer is that it's not required, but it depends on what the seller and buyer agree to. My disclosure: I'm a 2nd Mortgage Note Investor.  All my experience is selling 2nd Mortgage Note Partials.  When I sell a Note Partial, I personally don't create an Allonge & AOM to my Note Partial Buyer. The reason I don’t create an Allonge & AOM is that I only sell some of my mortgage note payments, not all of them.  It comes down to the language in the Note Partial - Receivable Purchase & Sale Agreement and what both parties agree to.

Hello, I found out that people can invest in maintenance payment agreements a little while ago. There's not really a loan/principal balance, amortization, etc., and payments are required under a perpetual agreement and are CPI-adjusted each year. Has anyone seen anything like this? What are y'all's thoughts on valuing/bidding and doing due diligence on something like this? CA

Hello, all, So I finished the $1M Real Estate Roadmap a while back, and I've been referencing the page about starting a "mini agency" to provide services within the note investing space and trying to "earn while you learn." I'm having a little trouble understanding what it entails to offer the services of "acquisitions" and "portfolio monitoring/servicing oversight" as they're described in that course. What exactly does it mean to "manage the logistics of servicing transfers" and "ensure that borrowers keep paying" as a sort of third-party in the note investing relationship? Those of us with more experience: have you used services like these before?

Hello all, I'm new and I'm in the learning process altogether as far as notes. I'm curious about what kind of advice y'all have about vacant land -- I know that it's one of the more unpredictable assets. What kinds of questions should I (as a note buyer) ask the seller if the topic is specifically mortgage notes for land? What characteristics should I consider red/green flags in my seller/borrower?