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Send me a text about what you love and want to see on future episodes!Nick Legamaro sits down on Between Two Belts with RJ Bates III to discuss how he learned everything creative finance from the Godfather of Creative Finance, Pace Morby.With over 1,600 Videos, this is the #1 channel on YouTube for all things Virtual Wholesaling. SUBSCRIBE NOW! https://www.youtube.com/@RJBatesIII_________________________________RESOURCES FOR YOU: If you want my team and I to walk you through how to build or scale your virtual wholesaling business from A to Z, click here to learn more about Titanium University: https://www.titaniumu.com (FREE) If you want to learn how to close deals just like me, The King Closer, then download the free King Closer Formula PDF: https://www.kingclosersformula.com/close(FREE) Join our exclusive FB group community for real estate investors and wholesalers: https://www.facebook.com/groups/titaniumvault/ (FREE) Click here to grab our Titanium fleet free PDF & training: Our battle tested strategies and tools that we actually use… and are proven to work: https://www.kingclosersformula.com/fleet Grab the King Closer Blueprint: My Step by Step Sales Process for closing over 2,000 deals (Only $37): https://www.kingclosersformula.com/kcblueprint Grab Titanium Profits: Our exact system we use to comp and underwrite deals in only 4 minutes. (Only $99) https://www.kingclosersformula.com/titaniumprofits Want to know what the best markets to wholesale in are? Grab my breakdown of all 50 states here: https://www.titaniumu.com/marketsSupport the Show.
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If you're looking for a great option to grow your hard-earned cash, listen to this episode with “Nick The Note Guy!” In this conversation, he clearly explains seller financing, mortgage notes, mitigating risks associated with buying notes, and establishing yourself as the bank in the real estate space. Don't miss out on learning the non-traditional way of generating consistent cash flow!Key Points & Relevant TopicsThe difference between The Great Recession in 2007-08 and today's marketAn introduction to seller financing, mortgage notes, and the idea of “becoming the bank” in real estateHow do you mitigate the risks of being a lien holder or mortgage buyer if something happens to a property?The power of understanding how amortization works How challenging is it to redo or change a note?Advantages of becoming the bank and going from landlord to lienlordHaving the right people on your side throughout your real estate journeyResources & LinksApartment Syndication Due Diligence Checklist for Passive InvestorAbout Nick LegamaroNick Legamaro, also known as “The Note Guy” is the founder of USANotePro.com; an online portal designed for real estate and note investors looking to create, buy, or sell mortgage notes secured by residential real estate. He has been investing in real estate since 2001. He had bought, fixed, rented, sold, flipped, been a lender on 1000+ properties, and personally looked at over 10,000 deals. Nick loves to teach and show others how to invest in real estate notes as an alternative to the stock market. Get in Touch with NickWebsite: USA NoteProTo Connect With UsPlease visit our website www.bonavestcapital.com and click here to leave a rating and written review!
Join Nick Lamagna on The A Game Podcast with his guest Nick Legamaro aka "Nick The Note Guy." He is the CEO OF USA Note Pro and Principal Managing Partner of Rylex Capital LLC and has done over 1200 creative financing note transactions in over 21 states! Nick is one of the most unique investors you will find as he has become a master of finding tons of monthly cash flow without ever actually having to own the real estate. Why be a LANDLORD when you have officially met a LIENLORD! Nick has seen and done it all in this business and whether you're looking for a way to buy your own home to live in, trying to get deals in a competitive market, find ways to get better cash flow with less liability or just add a new strategy for acquisitions and dispositions THIS is the episode for YOU! Nick has been so successful with this recession proof strategy that he even sold one of the companies he built to a Federally Chartered Bank! Want to deal with the bank or do you want to BE THE BANK?! Nick Legamaro shares with us how you can act like a bank and create and sell real estate mortgage notes that are secured and protected. Learn from the best in the business on how he has been able to sell almost $100 Million in paper to banks and other institutions! This is a very unique episode, take good notes! Topics for this episode include: ✅ Making Millions buying and selling notes like the banks ✅ Should you invest in real estate now or wait for the market to shift ✅ What is the most valuable asset you can own ✅ The difference between performing and non performing notes ✅ How to make money on a house with no equity ✅ What are the obstacles of a subject to deal ✅ If you own properties you may be doing real estate wrong + More! See the show notes to connect with all things Nick Legamaro! Connect with Nick: Nickthenoteguy.com USA Note Pro on Facebook Nick The Note Guy on Youtube Nick Legamaro on Facebook Nick Legamaro on LinkedIn Nick Legamaro on twitter Nick Legamaro on Instagram USA Note Pro on Instagram USA Note Pro on Youtube --- Connect with Nick Lamagna www.nicknicknick.com Text Nick (516)540-5733 Connect on ALL Social Media and Podcast Platforms Here FREE Checklist on how to bring more value to your buyers
Over 30 Billion in Seller financed Notes were created last year! Many investors do not know how to properly create the paperwork and often dont find out too late. Additionally the note is structured in a way Note buyers will not offer top dollar simply due to "note math" numbers only favor to the borrower. This week's webinar we will have two special guests Nick Legamaro and Mark Monroe join us. Both have originated and structured thousands of loans over the years! We will also have Max from Call the Underwriter joining us.Watch this video on Youtube: Watch Video Our new Website Updated Tools, Resources, Bid Calculator, Education and over 100 assets for sale #noteinvesting #mortgagenotes #investor #mortgagenote #realestate #realestateinvestor Visit our website, follow us on social, join our Note Investing Facebook group, or listen to our Note Investing Podcast! Links Website: https://www.jkpholdings.com Building Confidence in Notes Class: https://jkpholdings.com/note-investing/note-investing-junior-mastermind/ Podcast: https://jkpholdings.com/podcasts/ Beginner Series: https://www.jkpholdings.com/beginner-series/ Youtube Channel: https://www.youtube.com/c/JKPholdingsllc?sub_confirmation=1 SOCIAL MEDIA FB Group: https://www.facebook.com/groups/EastCoastDistressedNoteInvesting/ Facebook: https://www.facebook.com/JKPHoldings/ Linkedin: https://www.linkedin.com/company/jkp-holdings-llc --- Send in a voice message: https://podcasters.spotify.com/pod/show/jkp-holdings/message Support this podcast: https://podcasters.spotify.com/pod/show/jkp-holdings/support
This week, “Nick the Note Guy” joins The Al Nicoletti Show. Nick has been investing in Real Estate since 2001 and has bought, fixed, rented, sold, flipped or been a lender on over 1000 properties. On the show, Nick will explain how you can “be the bank” and invest in Real Estate Mortgage Notes. He will also be discussing his company CreativeDealMaker.com and how to become a Leinlord instead of a Landlord.
Timestamps[01:40] Intro[01:44] Nicks Bio and investing history[03:11] As an investor since before 2008 Nick feels that he has a better understanding of what happened before and what could potentially happen moving forward in the Real Estate[03:43] Nick explains what he means when he talks about “being the bank”[05:39] Seller financing[07:03] Nick shares the various Real Estate investment types that are perfect candidates to be the bank[08:29] Nick explains why banks always get paid[10:21] How Nick is able to navigate his transaction deals with lower to no risks and still get cash flow[13:19] Why the seller financing model is a lucrative idea[16:04] The seller finance model and its applications when it comes to risk mitigation and doing background checks [22:42] Nick suggests that the key to his model is taking advantage of the velocity and urges beginners to focus on risk mitigation for their first notes[25:18] The tax side of being a real estate investor and how those benefits work in Notes[27:15 - 29:49] Nick Advices anyone who wants to venture into Private money lending about what they need to pay attention to and the advantages of working with a hard money lenderSign Up For Our Free Newsletter where we cover the latest in Stocks & Crypto, Multifamily, and the Nation's Economy: https://perpetualwealthcapital.com/newsletter-signup/Download our free ebook: The Definitive Guide To Building Generational Wealth & Passive Cash Flow Through Multifamily Real Estate InvestingIf you like our content, please give us a rating on the platform you're listening on!Get in touch: Justin@PerpetualWealthCapital.com Let me know what topics you'd like to learn more about.Connect with Nick Legamaro; Linkedin - https://www.linkedin.com/in/nicklegamaro/ Website - https://usanotepro.com/ Website - https://www.creativedealmaker.com/ Facebook group - https://www.facebook.com/groups/creativedealmaker
#228 Our special guest, Nick Legamaro of Creative DealMaker, is back for round two! He talks about becoming the bank and how to achieve truly passive income. In this specific episode, Nick walks us through the model he uses to evaluate note deals. If you liked the episode, check out the Creative DealMaker Facebook group linked below! ~ Want to ask a question? Submit yours to The Creative Financing Facebook Group https://www.facebook.com/groups/86638... ~ Join the Apprenticeship program or Creative Financing Academy: www.ROIMentors.com ~ Follow The Creative Financing YouTube Channel https://www.youtube.com/c/TheCreativeFinancingPodcast/?sub_confirmation=1 ~ Follow The Creative Financing Facebook Page https://www.facebook.com/TheCreativeF... ~~ Connect with Jeff on Facebook https://www.facebook.com/jeff.rappapo... ~~ Connect with Nicole on Instagram: @NicoleNikki_K or https://www.instagram.com/nicolenikki_k/ ~~ Connect with Cody on Facebook https://www.facebook.com/profile.php?... or https://www.fullcirclehomebuyers.com/
#227 Our special guest, Nick Legamaro of Creative DealMaker, helps us take a deeper dive into notes! He talks about becoming the bank and how to achieve truly passive income. Nick frequently uses creative financing to buy properties and sell the paper to receive passive income! If you liked the episode, check out the Creative DealMaker Facebook group linked below! Want to learn more about Creative DealMaker? Check out their Facebook group! ~ https://www.facebook.com/groups/creativedealmaker Check out all of our resources and opportunities to learn more below: ~ Want to ask a question? Submit yours to The Creative Financing Facebook Group https://www.facebook.com/groups/86638... ~ Join the Apprenticeship program or Creative Financing Academy: www.ROIMentors.com ~ Follow The Creative Financing YouTube Channel https://www.youtube.com/c/TheCreativeFinancingPodcast/?sub_confirmation=1 ~ Follow The Creative Financing Facebook Page https://www.facebook.com/TheCreativeF... ~~ Connect with Jeff on Facebook https://www.facebook.com/jeff.rappapo... ~~ Connect with Nicole on Instagram: @NicoleNikki_K or https://www.instagram.com/nicolenikki_k/ ~~ Connect with Cody on Facebook https://www.facebook.com/profile.php?... or https://www.fullcirclehomebuyers.com/
In this episode, you'll discover something in real estate you rarely hear about, real estate notes. Join us in this very eye-opening conversation as Nick Legamaro talks about the advantages of real estate notes investing and how it works. Stay tuned to learn more! Key Takeaways from this episode Disadvantages of investing in rental properties How to buy, sell, or make mortgage notes Common mistakes mortgage note makers do Advantages of being a mortgage lender Hard money lender vs. private lender References/Links Mentioned Zillow About Nick Legamaro Nick Legamaro is also known as the Nick the Note Guy. Nick has been investing in real estate since 2011. He has done just about anything to do in real estate. He has even experienced the crash firsthand in 2008 and lived to talk about it! Nick also founded USANotePro.com, an online portal designed for real estate and note investors looking to create, buy or sell mortgage notes secured by residential real estate. Connect with Nick USA NotePro Creative DealMaker Neil J. Timmins is on a mission to make a deep personal impact in the lives of his team members and business partners through his work as a real-estate investor and mentor. He started as a traditional real estate agent where his team was recognized by the Wall Street Journal as a Top 100 team. Eventually, he made the transition from Realtor to full time investor. Over the course of his career, Neil has been involved in over $300,000,000 in real estate transactions. Neil's portfolio depth includes assets ranging from houses to industrial properties. Recently, Neil and his team launched the Legacy Impact Partner Program where they partner with fix and flip investors from around the country. Neil's team brings capital to fund and fix rehabs, operational expertise, and years of experience catapulting their partner's business to new heights. Want to partner? You can learn more and book a call with Neil at www.LegacyImpactPartners.com. Connect with Neil Website: Real Grit LinkedIn: Neil J. Timmins Facebook: Neil Timmins
Nick Legamaro is “Nick The Note Guy”! Nick has been investing in real estate since 2001. He's done just about everything there is to do in real estate. He even experienced the crash firsthand in 2008 and lived to talk about it! Nick has bought, fixed, rented, sold, flipped, or been a lender on 1000+ properties. He has personally looked at over 10,000 deals. Creative Deal Structuring is his superpower. He has built companies for profit and recently sold one to a 100-year-old Federally Chartered BANK! He has done lots of “HEAVY LIFTING” but in moving forward he has made a HUGE shift! Show notes at REIMastermind.net
Nick Legamaro is “Nick The Note Guy”! Nick has been investing in real estate since 2001. He's done just about everything there is to do in real estate. He even experienced the crash firsthand in 2008 and lived to talk about it! Nick has bought, fixed, rented, sold, flipped, or been a lender on 1000+ properties. He has personally looked at over 10,000 deals. Creative Deal Structuring is his superpower. He has built companies for profit and recently sold one to a 100-year-old Federally Chartered BANK! He has done lots of “HEAVY LIFTING” but in moving forward he has made a HUGE shift! Show notes at REIMastermind.net
One of the biggest jokes in the traditional banking system is that you can have money and be unbankable. Many people who dream of homeownership can't have it because they don't fit into the banks' tiny box of an ideal borrower. If we can become our own bank, we can take our power back, and from an investor's perspective, help people desperately seeking homeownership. This is where owner-financed note investing comes in as an elegant solution. Why is owner-financed note investing such a highly secure and lucrative strategy? In today's episode, I'm joined by USA Note Pro's Nick Legamaro and Eric Sage. They share the amazing work they're doing with mortgage notes, and why this strategy is the ultimate opportunity to take control of your life. Things You'll Learn In This Episode How to escape the challenges of having renters Being a landlord is challenging, stressful and there's no guarantee that you'll get paid. How do you become a lienlord instead? How to help the unbankableMany people desperately want to own a home but can't get financed through the bank. How can we earn a great return and solve this massive problem at the same time? The power of high yield, low risk, securitized real estate mortgage notesFlips only get us paid once. What can we do to get paid in perpetuity on every single deal? Why mortgage notes give our businesses more stabilityWhatever your investing strategy is, you always need a plan B. How can mortgage notes protect our assets? Guest Bio- Nick “The Note Guy” Legamaro is the Managing Director of Note Acquisitions at USA NotePro. He's been investing in real estate since 2001, and he has done just about everything there is to do in real estate. Nick even experienced the crash firsthand in 2008 and lived to talk about it! He has bought, fixed, rented, sold, flipped, or been a lender on 1000+ properties. Eric Sage is a real estate investor, mentor, education and founder of www.cashflowbuilders.com and co-founder of ericbuyshomes.com. USA Note Pro helps people “Become the Bank” and invest in High Yield, Low Risk, Securitized Real Estate Mortgage Notes. For more information, and to sign up for the newsletter and the Creative Deal Maker Academy visit https://usanotepro.com.
Do you want to invest in real estate, but don't want to worry about finding a renter or managing repairs? If that's the case, this episode is for you! Nick Legamaro talks about the availability and the supply and demand difficulties of mortgage notes. WHAT YOU'LL LEARN FROM THIS EPISODE Mortgage Inventory versus Property Inventory Tips on how to get the best value from your mortgage notes Understanding the basics of mortgages, second mortgages, and liens position Things to remember when investing real estate notes with your self–directed IRA How to invest in real estate notes: the process, expenses, and loan performance RESOURCE/LINK MENTIONED #131 | Are Mortgage Notes For You? (Part 2) - Nick Legamaro ABOUT NICK LEGAMARO Nick ‘'The Note Guy'' has been investing in real estate since 2001. He has bought, fixed, rented, sold, flipped, or been a lender on 1000+ properties. He also founded USANotePro.com; an online portal designed for real estate and note investors looking to create, buy or sell mortgage notes secured by residential real estate. CONNECT WITH NICK Website: www.usanotepro.com Facebook: USA NotePro LinkedIn: USA NotePro CONNECT WITH US: If you need help with anything in real estate, please email: invest@rpcinvest.com Reach Ron: RP Capital Leave podcast reviews and topic suggestions: iTunes Subscribe and get additional info: Get Real Estate Success
Nowadays, it's harder to get a mortgage loan because banks have changed the way they assess the risks. Those who have been pre-approved before the pandemic were denied afterward because of the many uncertainties we face. But for those who invested in mortgage notes, this has been a great opportunity to grow their business.Nick Legamaro, shares with us how you can be one of them. You can act like a bank and create and sell real estate mortgage notes that are secured and protected. In this episode, we learn about how this works, how to be creative, and how to make the connection to buyers. This will surely be a light bulb moment for all the listeners out there!
CEO Pulse Podcast EP 44 with Nick Legamaro. Nick goes over how he's done hundreds of deals in Real Estate and has been successfully building & scaling a profitable business through the concept of releasing control & cutting the learning curve! Find out how he's creating generational wealth and has been able to get over some of the biggest obstacles our economy has seen over the last 20 years! CEO Pulse. The Real, The Raw & The Mind of Entrepreneurship. This is your backstage pass into the stories, strategies, and psychology of top-performing entrepreneurs. L.E.S.S Business, More Profits Lean | Effective | Strategic | Simple Full Access Links > https://linktr.ee/Rafaelcortez Follow, Subscribe, Like & Share! CEO Pulse - Youtube | iTunes | Spotify #ceopulse,#lessbusinessmoreprofits,#business,#startups,#entrepreneurs,#entrepreneurship,#levelup,#lifebydesign#mindset,#vision,#sales,#productivity,#personalGrowth,#leadership STAY FOCUSED, YOU GOT THIS!
In this week’s episode, we are joined by Nick Legamaro a.k.a “Nick The Note Guy”. Nick has been investing in real estate since 2001. He has experienced the crash firsthand in 2008 and lived to talk about it! Nick is now dedicated to showing individuals how they too, can “Be the Bank” and invest in High Yield, Low Risk, Securitized Real Estate Mortgage Notes. Tune in to learn more. HIGHLIGHTS OF THE EPISODE 01:33 – Background of the guest 04:08 – Note Investing and the pandemic 08:24 – Mortgages: What people don't realize 11:35 – Where and how can investors find these deals? 19:17 – Transferring titles 22:37 – Interest rates 26:49 – A look at the future If you found this episode substantial and want to dig deeper into real estate, or maybe you want to discover better investment opportunities, be sure to check out www.tempofunding.com. CONNECTING WITH THE GUEST Website Email Facebook Instagram Youtube LinkedIn Pinterest Twitter
Nick “The Note Guy” Legamaro has been investing in the real estate market since 2001. He is the CEO OF USANotePro and Principal Managing Partner of Rylex Capital LLC. Having experienced the economic crash in 2008, and having fixed, rented, flipped, and worked as a lender on thousands of properties and tens of thousands of deals, Nick is a true master of his field. However, Nick has a perspective not typically seen by the average agent. He advocates that people invest in real estate mortgage notes as a way of maximizing profits and returns without the risk. We speak with Nick about the importance of both information and how educating oneself has become even more accessible in the digital age. We additionally speak about the value of trial and error and how it was due to the speed bumps in his career that Nick was able to uncover the highly profitable model that he uses for investing today. Nick goes into depth into his unique model of creative investing and his expert approach on how any person entering real estate should make the most of the ever-changing ebbs and flow of the market. USANotePro Website: https://usanotepro.com/ Instagram: https://www.instagram.com/usanote_pro/
In this second part, Nick Legamaro explains in-depth how to evaluate notes and the advantages of using a third-party servicing company. This will help you understand more about mortgage notes and if it works for you. WHAT YOU'LL LEARN FROM THIS EPISODE What to look for in mortgage notes Default rates in mortgage notes How third party servicing companies work Who can buy mortgage notes? Due diligence for those interested in buying a note How to qualify for a mortgage note ABOUT NICK LEGAMARO Nick ‘'The Note Guy'' has been investing in real estate since 2001. He has bought, fixed, rented, sold, flipped, or been a lender on 1000+ properties. He also founded USANotePro.com; an online portal designed for real estate and note investors looking to create, buy or sell mortgage notes secured by residential real estate. CONNECT WITH NICK Website: www.usanotepro.com Facebook: USA NotePro LinkedIn: USA NotePro CONNECT WITH US: If you need help with anything in real estate, please email: invest@rpcinvest.com Reach Ron: RP Capital Leave podcast reviews and topic suggestions: iTunes Subscribe and get additional info: Get Real Estate Success
Mortgage notes provide investors an opportunity for wealth creation and offer financing options to hard-working families who can't qualify for a traditional mortgage loan. Listen to this episode as Nick Legamaro teaches you all about mortgage notes. WHAT YOU'LL LEARN FROM THIS EPISODE Qualifying for a loan after coronavirus How notes work How banks work Amortization schedules set up Why mortgage notes are safe Benefits of mortgage notes ABOUT NICK LEGAMARO Nick ‘'The Note Guy'' has been investing in real estate since 2001. He has bought, fixed, rented, sold, flipped, or been a lender on 1000+ properties. He also founded USANotePro.com; an online portal designed for real estate and note investors looking to create, buy or sell mortgage notes secured by residential real estate. CONNECT WITH NICK Website: www.usanotepro.com Facebook: USA NotePro LinkedIn: USA NotePro CONNECT WITH US: If you need help with anything in real estate, please email: invest@rpcinvest.com Reach Ron: RP Capital Leave podcast reviews and topic suggestions: iTunes Subscribe and get additional info: Get Real Estate Success
In today’s episode, Matt is joined with Nick Legamaro, a CEO of USANotePro, an online portal designed for real estate and note investors looking to buy or sell loans secured by residential real estate. Apart from being The Note Guy, Nick has been investing in real estate since 2001 and has worked on over 1000 properties. Stay tuned and find out what inspired Nick to get into REI, how he creates ROI without owning real estate, and how YOU can do it, too!
Real Estate Investing With Jay Conner, The Private Money Authority
Nick Legamaro aka “Nick The Note Guy” is here in today’s episode of Real Estate Investing with Jat Conner. Nick has been investing in real estate since 2001. He has done just about everything there is to do in real estate. He even experienced the crash firsthand in 2008 and lived to talk about it! He has bought, fixed, rented, sold, flipped, or been a lender on 1000+ properties. He has personally looked at over 10,000 deals. He has built companies for profit and recently sold one to a 100-year-old Federally Chartered BANK! He has done lots of “HEAVY LIFTING” but in moving forward I have made a HUGE shift! This is where investing in Performing and NPL Real Estate Notes comes in. With his expertise and technology, he can “control” not “own” millions of dollars of assets nationwide. Now he is ready to show how you too can “Be the Bank” and invest in High Yield, Low Risk, Securitized Real Estate Mortgage Notes. Private Money Academy Conference: https://www.jayconner.com/learnrealestate/ Have you read Jay’s new book: Where to Get The Money Now? It is available FREE (all you pay is the shipping and handling) at https://www.JayConner.com/Book Timestamps: 0:01 - Introduction 0:30 - Jay’s New Book: “Where To Get The Money Now” - https://www.JayConner.com/Book 1:57 - Today’s guest: Nick Legamaro 4:33 - How Nick Legamaro entered the real estate business 11:01 - Creative Deal Structure 13:13 - Using Notes In Wholesale Deal 14:07 - Who needs Seller-Financing? 16:00 - Wrap Mortgage Strategy 18:24 - Doing a Deal On A Wrap 20:52 - Note Business is Not Difficult but Complex 22:33 - The beauty of Note Business 23:11 - Finding Buyer & Seller in Note Business 25:17 - Connect with Nick Legamaro - https://www.USANotePro.com 26:33 - Best piece of advice to a new real estate investor. Real Estate Cashflow Conference: https://www.jayconner.com/learnrealestate/ Free Webinar: http://bit.ly/jaymoneypodcast Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal. What is Real Estate Investing? Live Cashflow Conference https://youtu.be/QyeBbDOF4wo The Conner Marketing Group Inc.P.O. Box 1276, Morehead City, NC USA 28557 P 252-808-2927F 252-240-2504 Channel https://www.youtube.com/channel/UCZfl6O7pRhyX5R-rRuSnK6w https://www.youtube.com/c/RealEstateInvestingWithJayConner RSS Feed http://realestateinvestingdeals.mypodcastworld.com/rss2.xml Google Play https://play.google.com/music/listen#/ps/Ihrzsai7jo7awj2e7nhhwfsv47y iTunes: https://itunes.apple.com/ca/podcast/real-estate-investing-minus-bank-flipping-houses-foreclosure/id1377723034 Watch on ROKU: Roku https://my.roku.com/add/realestateinvestingRoku https://my.roku.com/add/realestateinvesting Watch on Amazon Prime: https://www.amazon.com/How-Locate-Real-Estate-Deals/dp/B07M9WNZR6/ref=sr_1_3
The Truth About Banks & Money with Nick Legamaro
USANotePro.com is an online portal designed for real estate and note investors looking to buy or sell loans secured by residential real estate. The portal allows users to submit loans for sale, obtain cash offers or quotes and manage offers, and complete note sales transactions online. USANotePro.com features three primary asset classes: Performing loans, Non-performing loans, and Real Estate Owned (REO) properties. Interested and previously vetted buyers can submit qualified offers online through the website. If you would like to be notified when new assets become available, please complete the form at USANotePro.com. We focus on providing our clients with high-yield, low-risk, turn-key real estate investment notes secured with carefully selected residential properties throughout the United States. Our mission is to advance the financial and personal lives of our clients, providing them with hassle-free investment options in non-traditional assets.Our passive real estate note investments provide an opportunity for wealth creation with hard-earned cash sitting idle in low-interest bank or retirement accounts. Our investment clients enjoy worry-free, high-yield returns versus the stress of the volatile stock market and low bond market returns. Every month, our investments generate cash flow and income consistently without the headaches of being a landlord. Check out passivenoteinvesting.com to sign-up for our newsletter, learn more & get educated, and review our investment opportunities
One of the most underutilized methods for real estate investors out there is the owner financing model. Little do they know that it can be the source of their most profitable deals. Guiding you to take advantage of this is Nick Legamaro, the Chief Operating Officer of USANotePro. He joins host Paul Lizell to explain the amazing and often little known facts about doing owner financing. He also shows the big opportunities within it, how you can be your own bank, and what you can do to make the most out of this method. What is more, Nick then shares some of his experiences in the field, highlighting the importance of having a plan B.Love the show? Subscribe, rate, review, and share!Here’s How »Join Flipping Out community today:thevirtualinvestor.coFacebookLinkedIn
Get out your notepad because we will dive deep into note investing, from the hard numbers to real-world scenarios of the many ways to make money investing in notes. From how to handle a default due to foreclosure and still make money, to a property that doubles in value and your return, as the lender, will be. Nick goes into great detail as he starts with the note's market and goes through all the scenarios and the financials for each one. Basically, this podcast tells you everything you need to know to either up your note investing game or just get started. Real estate is a cyclical business, property values go up and down, but it doesn't matter what the market is doing when you invest in notes. The other benefit of note investing is there are multiple ways to make money, and you can help people who can't get a traditional loan become homeowners. And, let's not even get started about the #1 benefit of not having to deal with tenant issues. You are going to learn from the best, as my guest Nick Legamaro, also known as "The Note Guy," has been note investing for almost 20 years. He focuses on providing his clients with high-yield, low-risk, turn-key real estate investment notes, secured with carefully selected residential properties throughout the United States. He is here to help you become a successful note investor.What's changed since COVID: The foreclosures will be hitting Forbearance (pushed payment back in time) in January 2021 (may change with new administration) Banks always get paid because they are in the business of control, not owning You can be the bank and what that means. Why Scott likes investing in notesThe leverage you have when you are the bank Today's environment: End of 2020, the market has gone bananas. As each year goes by, fewer and fewer people fit the pretty buyer box for traditional lenders.Seller financingVery few investments allow for predictable returns and cash flow, except for mortgages. Holding notes vs. holding a propertyAmortization on a noteGoing through a real-world notes deal.Two types of financing: traditional and seller carry-back note seller financingUnderstanding the $26B seller note market The properties you can't get traditional mortgages onSeller finance usage from 2009 to the present Creating notes buying property, fixing it, finding the buyer, and creating seller financing as the lender on the property. Understanding how a note deal works when the property doubles in valueWhy it doesn't matter if a buyer defaults on a loanHow to keep your asset and resell it if the borrower defaults due to foreclosure At the end of the day, you can't predict the future, but you can mitigate your riskUnderstanding the most significant challenges and risk for note buyers (fraud)Doing your due diligence on finding and securing a clean note $26B seller financing notes are made through mom and pop investors Why you don't have to do traditional underwriting for 3 mortgage notesWhat does a mortgage servicer do for you, and why it's importantAnswering FAQs on note investing How to leverage LTV (loan to value) so you and the borrower can succeedUnderstanding Investment to value (loan to cost)Why borrowers will pay a 10% interest rate to a private lenderWhy big banks are going to make it tougher to get a traditional loanUsing a mortgage servicer as a third-party verification which validates your wordNotes are tradeable and liquid and how to sell for cash at a maximum valueUnderstanding the foreclosure process, which is different for different statesThe benefits of note investing and the multiple ways you can make moneyUsing your retirement money to invest in notes and have more when you retireScott talks about one of his note dealsHow Nick helps people create note deals Get in Touch with Nick To Learn More About Note InvestingUSA Note Pronick@usanotepro.com
Get out your notepad because we will dive deep into note investing, from the hard numbers to real-world scenarios of the many ways to make money investing in notes. From how to handle a default due to foreclosure and still make money, to a property that doubles in value and your return, as the lender, will be. Nick goes into great detail as he starts with the note's market and goes through all the scenarios and the financials for each one. Basically, this podcast tells you everything you need to know to either up your note investing game or just get started. Real estate is a cyclical business, property values go up and down, but it doesn't matter what the market is doing when you invest in notes. The other benefit of note investing is there are multiple ways to make money, and you can help people who can't get a traditional loan become homeowners. And, let's not even get started about the #1 benefit of not having to deal with tenant issues. You are going to learn from the best, as my guest Nick Legamaro, also known as "The Note Guy," has been note investing for almost 20 years. He focuses on providing his clients with high-yield, low-risk, turn-key real estate investment notes, secured with carefully selected residential properties throughout the United States. He is here to help you become a successful note investor. What's changed since COVID: The foreclosures will be hitting Forbearance (pushed payment back in time) in January 2021 (may change with new administration) Banks always get paid because they are in the business of control, not owning You can be the bank and what that means. Why Scott likes investing in notes The leverage you have when you are the bank Today's environment: End of 2020, the market has gone bananas. As each year goes by, fewer and fewer people fit the pretty buyer box for traditional lenders. Seller financing Very few investments allow for predictable returns and cash flow, except for mortgages. Holding notes vs. holding a property Amortization on a note Going through a real-world notes deal. Two types of financing: traditional and seller carry-back note seller financing Understanding the $26B seller note market The properties you can't get traditional mortgages on Seller finance usage from 2009 to the present Creating notes buying property, fixing it, finding the buyer, and creating seller financing as the lender on the property. Understanding how a note deal works when the property doubles in value Why it doesn't matter if a buyer defaults on a loan How to keep your asset and resell it if the borrower defaults due to foreclosure At the end of the day, you can't predict the future, but you can mitigate your risk Understanding the most significant challenges and risk for note buyers (fraud) Doing your due diligence on finding and securing a clean note $26B seller financing notes are made through mom and pop investors Why you don't have to do traditional underwriting for 3 mortgage notes What does a mortgage servicer do for you, and why it's important Answering FAQs on note investing How to leverage LTV (loan to value) so you and the borrower can succeed Understanding Investment to value (loan to cost) Why borrowers will pay a 10% interest rate to a private lender Why big banks are going to make it tougher to get a traditional loan Using a mortgage servicer as a third-party verification which validates your word Notes are tradeable and liquid and how to sell for cash at a maximum value Understanding the foreclosure process, which is different for different states The benefits of note investing and the multiple ways you can make money Using your retirement money to invest in notes and have more when you retire Scott talks about one of his note deals How Nick helps people create note deals Get in Touch with Nick To Learn More...
HIT THAT SUBSCRIBE AND LIKE BUTTON! Get access to the NoteWorthy USA Newsletter at: www.notetools.com/newsletter Whether you're a seasoned note investor or a newbie, you'll want to check out this episode of The NoteWorthy USA Podcast. On this episode we're glad to welcome Nick Legamaro from USAnotePro.com Nick has done well over 500 transactions in the real estate business and built a company in the note sector producing cash flow that he was able to sell to a bank. In this episode, you'll learn 10 things that Nick considers as due diligence before buying a note and the specific formula he uses to structure many of his notes to give himself free passive income. Get ready to take some notes because Nick gives some great value in this episode. If you like the show, please share on social media and be sure to hit the subscribe button so that we can bring more value to real estate investors. Connect with us at: https://www.facebook.com/noteworthyusa https://www.instagram.com/noteinvestorsummit https://www.linkedin.com/in/benjaminfredricks/
In 2018 the amount of seller financing through non-traditional banks (note investing) hit 24 billion dollars. That's a lot of notes! Note investing is genuinely the best cashflow investment as you don't have to deal with tenants, trash, or toilets. Today's Guest, Nick Legamaro, also known as "The Note Guy," has been note investing for almost 20 years. He focuses on providing his clients with high-yield, low risk, turn-key real estate investment notes, secured with carefully selected residential properties throughout the United States. During today's episode, we cover a lot of ground. Nick provides details on the process and profits of real-world note deals. He tells an amazing story of his first note deal when he had no idea what he was doing, but it worked, and that started him on his profitable journey. And, you don't want to miss the bank mortgage secrets that they don't want you to know. Key Takeaways Seller financing as an investment strategy Why not working with banks is profitable How Nick got started in note investing (great story!) The importance of continuous self-education and attending Masterminds Working with lenders Creating cashflow with the note model Dissection of a $100K note deal Hard money lending Hypothecation: What it is and how to use it High ratio deals How to use the first and second lean strategy to make more money Expert advice on how to evaluate, buy and create notes The factors involved in being a small-cap lender How to buy a note portfolio How to create a note that produces a higher yield than a rental property Using a third-party service company that conducts business between the lender and borrower How to handle a default situation and still make money Note deal structure It's a seller's market; how to take advantage What the banks won't tell you about mortgages (it should be criminal!) Negotiating higher sales price with sellers with favorable terms Note investing and the positive impact on your taxes Resources USA Note Pro (https://usanotepro.com/) Learn the Value of Your Mortgage Note (https://usanotepro.com/learn-mortgage-note-value/) (educational white paper) How to Sell Your Mortgage Note (https://usanotepro.com/how-to-sell-your-mortgage-note/) (educational white paper) Protect Your Mortgage Note (https://usanotepro.com/protect-your-mortgage-note/) (educational white paper) Selling Part of a Mortgage (https://usanotepro.com/sell-my-mortgage-note-partials/) Note (educational white paper) Book Recommendation Mortgage and Loan Payment Guide (https://www.amazon.com/Your-Monthly-Payment-Planner-Mortgage/dp/0517100290/ref=sr_1_1?keywords=payment+by+mike&qid=1583960406&sr=8-1)
My guest grew up in St. Louis on The Hill, the Italian neighborhood of the city. He now lives in the Dallas area and does some really creative deals. He started doing this in 2011 when the market was emerging from the big recession. Nick's company buys, fixes and sells. No big deal, right? However, sales are not retail. They finance the home for the seller. They underwrite the buyers, which translates to them becoming the bank. There's a big need for that because there are more self-employed workers now that have a hard time getting bank financing. Nick estimates that 50% of home buyers need seller financing at this time. That means that there's a glut of houses listed by retail realtors because 50% of the market's not even looking at those homes. Why look when you know you can't get traditional financing? Nick rehabs houses to move-in-ready condition while keeping the homes affordable. A $100,000 house is his sweet spot with a cost basis of 75%. He asks for a down payment of 10% and 9.9% interest. That interest rate sounds high, but it's allowable. At the $100,000 price point, the monthly payment is approximately the same as the owner would pay for rent. But homeownership gives the buyer tax benefits, the ability to sell the asset and pride of ownership. Nick holds the buyer's note for a while and then sells them to investors. His personal note on this transaction is at 7 or 8% on $75,000, so there's the profit. Nick once did a deal in which the seller insisted on getting $100,000 for the house, which was a retail price. Nick paid it, with $10,000 down and $800 a month… no interest. The seller got his asking price, and Nick wrapped the underlying debt into the 30-year note when he resold the house. The buyer paid $975 a month, which more than covered Nick's $800 monthly note. So Nick paid off the note sooner than its due date. He owes no money on the house himself but is still receiving $975 a month on it. If the owner were to default (which he hasn't), it's less of a headache to Nick because he no longer owes on it. Nick's notes do not vary much from the mortgage paper that a major bank writes. His Dodd-Frank requirement is to prove the buyer has the financial capacity to make the monthly payment. Nick's willing to loan to people who have an ITIN (International Tax Identification Number) instead of a Social Security Number are self-employed or who don't have a great credit score. Often a low credit score simply means the borrower operates in a cash economy. The key is to keep the mortgage payment and the rent payment the borrower is used to paying very close to the same amount. Nick finds his deals from sellers pretty easily because he can afford to pay more for the house since he's financing the deal, which brings in the bulk of his earnings. He buys from the MLS and wholesalers. What's inside: —Nick's model adds speed to the sales process, and he profits by that speed (not by gouging). —The model fully complies with Dodd-Frank based on disclosures and buyer qualifications. —In real estate, hitting lots of singles is more profitable and less stressful than searching for home runs. —In 2018, $26 billion dollars was used for seller financing; that's retail, land, and commercial.
My guest grew up in St. Louis on The Hill, the Italian neighborhood of the city. He now lives in the Dallas area and does some really creative deals. He started doing this in 2011 when the market was emerging from the big recession. Nick’s company buys, fixes and sells. No big deal, right? However, sales are not retail. They finance the home for the seller. They underwrite the buyers, which translates to them becoming the bank. There’s a big need for that because there are more self-employed workers now that have a hard time getting bank financing. Nick estimates that 50% of home buyers need seller financing at this time. That means that there’s a glut of houses listed by retail realtors because 50% of the market’s not even looking at those homes. Why look when you know you can’t get traditional financing? Nick rehabs houses to move-in-ready condition while keeping the homes affordable. A $100,000 house is his sweet spot with a cost basis of 75%. He asks for a down payment of 10% and 9.9% interest. That interest rate sounds high, but it’s allowable. At the $100,000 price point, the monthly payment is approximately the same as the owner would pay for rent. But homeownership gives the buyer tax benefits, the ability to sell the asset and pride of ownership. Nick holds the buyer’s note for a while and then sells them to investors. His personal note on this transaction is at 7 or 8% on $75,000, so there’s the profit. Nick once did a deal in which the seller insisted on getting $100,000 for the house, which was a retail price. Nick paid it, with $10,000 down and $800 a month… no interest. The seller got his asking price, and Nick wrapped the underlying debt into the 30-year note when he resold the house. The buyer paid $975 a month, which more than covered Nick’s $800 monthly note. So Nick paid off the note sooner than its due date. He owes no money on the house himself but is still receiving $975 a month on it. If the owner were to default (which he hasn’t), it’s less of a headache to Nick because he no longer owes on it. Nick’s notes do not vary much from the mortgage paper that a major bank writes. His Dodd-Frank requirement is to prove the buyer has the financial capacity to make the monthly payment. Nick’s willing to loan to people who have an ITIN (International Tax Identification Number) instead of a Social Security Number are self-employed or who don’t have a great credit score. Often a low credit score simply means the borrower operates in a cash economy. The key is to keep the mortgage payment and the rent payment the borrower is used to paying very close to the same amount. Nick finds his deals from sellers pretty easily because he can afford to pay more for the house since he’s financing the deal, which brings in the bulk of his earnings. He buys from the MLS and wholesalers. What’s inside: —Nick’s model adds speed to the sales process, and he profits by that speed (not by gouging). —The model fully complies with Dodd-Frank based on disclosures and buyer qualifications. —In real estate, hitting lots of singles is more profitable and less stressful than searching for home runs. —In 2018, $26 billion dollars was used for seller financing; that’s retail, land, and commercial.
My guest grew up in St. Louis on The Hill, the Italian neighborhood of the city. He now lives in the Dallas area and does some really creative deals. He started doing this in 2011 when the market was emerging from the big recession. Nick’s company buys, fixes and sells. No big deal, right? However, […]
This is episode #429, and my guest today is Nick Legamaro. Nick is a seasoned investor in the Dallas Fort-Worth market, and an expert at the Owner Finance model. Many of us get into real estate investing to build long term wealth, usually through rental properties. However, owning rental properties can also be a pain. The seller finance model serves a big need in the marketplace, and is perhaps one of the best wealth building strategies for single family home real estate investors, especially in affordable housing markets. Ready to learn about the Seller Finance model? Please help me welcome Nick Legamaro to the show. To learn more about our Investor Fuel Real Estate Mastermind, please visit InvestorFuel.com.
This is episode #429, and my guest today is Nick Legamaro. Nick is a seasoned investor in the Dallas Fort-Worth market, and an expert at the Owner Finance model. Many of us get into real estate investing to build long term wealth, usually through rental properties. However, owning rental properties can also be a pain. The seller finance model serves a big need in the marketplace, and is perhaps one of the best wealth building strategies for single family home real estate investors, especially in affordable housing markets. Ready to learn about the Seller Finance model? Please help me welcome Nick Legamaro to the show. To learn more about our Investor Fuel Real Estate Mastermind, please visit InvestorFuel.com.
Nick Legamaro is the owner of Rylex Capital based out of Dallas, Texas. In the early 2000's he was flipping houses full time but had to get a corporate job during the financial crash in 2008. In 2011 he made the decision to go back to real estate investing full time. His original intentions were to become a wholesaler but very quickly transitioned to seller financing. Nick now does over 100 seller financing transactions a year and is truly an expert in this strategy.