Donna Bauer is known as “The Note Buyer.” While I attended the Real Estate Wealth Expo in New York, I saw her speak on investing in preforeclosures through note buying or what is also known as short sales.
I waited in line for about an hour to get in to the lecture hall. (I had tried to attend an earlier seminar, however the room was filled to capacity and people were already waiting for the next one to start) She is obviously a very popular speaker and attendees packed in like sardines (the seats were small and placed closely together) to get her take on buying notes and “becoming the bank.”
Donna explained how to cash people out of mortgages through the use of private investors. She uses title companies to hold escrow and obtain the deed through escrow. She also maintains her own legal documents when going through her investment process.
She had some great tips on where to find great deals. Donna suggests speaking with bail bondsman. She explained how many people put up their homes in exchange for bail money and if bail is jumped, the bail bondsman takes over the mortgage. You can then make a deal with the bail bondsman to take over the mortgage.
Donna also invests in preforeclosures through her own short sales method. She says she finds the best deals at the end of the bank’s fiscal year.
Donna Bauer is a commanding and informative speaker. She offers an unusual take on note purchasing which has been extremely successful for her and her students. She offered many helpful tips at the free seminar which leads me to believe her program has much to offer anyone interested in using preforeclosures and note buying as their real estate investment strategy.
I think you should take a look at the Donna bauer website.
I attended the CAREI real estate convention Oct. 2 & 3 in Denver. It was the 12th annual event.
There were six excellent speakers each presenting a different investment program. Of course they were selling packages at the end of each one with the How To’s, in video and contracts.
This is worth looking into! It was quite an experience to see the response to each speaker. There were 400-500 people attending. Well, I stood there at the end of each programs while 25-30 people spent $1500 – $2000 apiece to purchase the speaker’s material, in about 20 minutes. The staff had three credit card machines. They were proceesing the orders all at once because there were some incentives to act the same day!
The program teaches how to buy and sell Promissory Notes in the current market. What is amazing is that they show you how to Line Up a Buyer for the Note before you pay any money. The spread can be a profit of $5000 to $25,000, or more. And there were Bridge Lenders there at the conference to assist the transaction