In this episode, we dive deep into the world of partial mortgage notes with the experts, Fred and Tracy Rewey. Whether you’re new to note investing or looking to refine your strategy, this episode is packed with valuable insights and actionable advice. Learn about the basics of partials, the Reweys’ journey into the note space, and how you can leverage partials to optimize your investments. Don’t miss out on this wealth of knowledge!
Chapters:
0:00 Introduction
0:08 Welcoming Fred & Tracy Rewey
0:40 The Reweys’ Background in the Note Space
1:47 How Fred and Tracy Got Started in Notes
2:52 Transition from Institutional Work to Independent Note Buying
4:19 Benefits of a Note Investing Lifestyle
5:16 The Importance of Learning Both Sides of Note Investing
6:05 Introduction to Partials and Their Power
6:35 The Reweys’ Educational Programs and Giving Back
7:01 Overview of Their Master Classes and Membership Program
8:26 Deep Dive into Partial Note Transactions
10:00 Understanding Different Roles in Note Buying
11:08 What is a Partial Note?
12:12 Real-Life Example of a Seller-Financed Note
13:09 Buying a Note: Full vs. Partial
14:00 Partial Note Strategy Explained
16:11 How to Structure a Partial Note Purchase
18:00 Common Questions about Partials Answered
20:21 Handling Payoffs and Reassignments in Partials
22:07 Using Third-Party Servicers in Note Transactions
23:33 Buy Full, Sell Partial Strategy
24:52 Infinite Returns: Example of Selling a Partial for More Than Purchase Price
27:05 Real-Life Example: Profits from a Partial Payoff
29:38 Using Tools Like Partials in Your Note Investing Toolbox
31:01 Why Listening is Key in Negotiations
33:30 Additional Strategies for Maximizing Returns on Partials
35:12 The Importance of Proper Training & Application
37:28 Fred & Tracy’s Membership Program Details
39:10 The Value of Ongoing Note Education & Community Support
40:20 Future of the Note Industry
42:00 Understanding Current Market Cycles in Note Investing
43:03 Final Thoughts
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