Unique Commercial Property (Part II)

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The businesses in operation are a drive-in theater and a flea-market. In 1958, there were over 4000 drive-ins in operation in the country, today there are only 367. Interestingly, the drive in theater industry has experienced some growth in the last several years as families … Read More

Unique Commercial Property

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Evolution within small business is an amazing process as businesses constantly adjust to cultural, social and technological changes. Thus was the case on a commercial note we recently purchased in a southeastern state. When the seller told me the type of business that was in operation, I was skeptical … Read More

Collecting The Documents

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Generally speaking most note holders are in a hurry to close. In the real estate business it doesn’t matter if you are selling homes or buying notes, no one makes a living when transactions languish between the acceptance of an … Read More

Considering An Escrow Company?

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The state of New Mexico is an escrow state which means that the majority of owner carried back notes are serviced by local escrow companies. Their services include holding original documents, collecting and disperses payments and providing year end tax information, all for … Read More

Owner Financing – Part III

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If you didn’t secure a large down payment you certainly don’t want to go in the hole any further by offering to pay their rent on top of the payments you’ll never collect. However you need to get them out … Read More

Owner Financing – Part II

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It doesn’t take long to realize that when your buyer isn’t making payments you’re now not only in real estate investment business but you’ve just branched out into collections. When your dead beat buyers stop taking your calls (and they will), … Read More

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