Craig made the whole process easy. The service was exceptional. I knew I could count on him to be there.

— William Lamont

Best Price For Your

Deed of Trust or Real Estate Note

 

Honestly.

 

Call or Email for a Free Consultation.

 

 

Receive A FREE, No Obligation Quote For Cash

On Your Owner Financed Real Estate Loan.

 

I will beat any bonafide offer you receive.

 

Call or email me today 

(928) 226-8073  | craig@ioubuyer.com

 

 

 

 

 

 

Loan Modification

 

Save Your Home From Foreclosure

 

 

 

Here at Kula Investments, we have helped countless homeowners save their homes from foreclosure and lower their monthly mortgage payments up to 60%.

 

Banks and lenders are finally seeing the benefits of having you stay in your home.

 

By creating a loan modification, you can change terms of your mortgage, a mortgage “do-over”

if you will.

 

A loan modification is lengthy and complex process though. I can help you with the whole process and help you save your home from foreclosure.

 

For more information go to my

LOAN MODIFICATION PAGE

 

Call or email for a

Free Loan Modification Consultation.

 

(928) 226-8073  | craig@ioubuyer.com

 

 

 

 

Welcome to Kula Investments

 

Sell your Real Estate Note or Deed Of Trust simply & easily.

 

I will provide you with a quick, easy closing and find you top dollar for your note. You can even sell a note that is behind in payments!

 

There is no obligation or cost to you and the information is completely confidential. The borrower is not contacted until you and the investor have completed the transaction.

 

Call or email me right now and we’ll get the process started. It only takes 10 minutes. Let me get you a free quote on your real estate note from a qualified real estate finance investor. You are under no obligation to sell, you’re just looking for information. Download the Quote Request Form and fax or email me your information and I’ll start looking for an investor right away. Or call me and we can fill it out over the phone.

 

(928) 226-8073   craig@ioubuyer.com

 

Sincerely,

 

Craig Meriwether

President, Kula Investments

 

 

 

WHAT I DO:

 

I broker Owner Financed Real Estate Loans (also called real estate notes, mortgages, trust deeds, loans, IOU’s, contract for deeds, first deeds of trust, seller carry back notes or promissory notes).

 

I can help you find an investor for your Real Estate Notes:

 

  • Single or in portfolios.
  • Single Family Residential
  • Duplex, Triplex, Fourplex
  • Apartments
  • Income Property
  • Improved Land Contracts
  • Recreational & Resorts
  • Commercial Land Contracts
  • Farm & Ranches
  • Condos
  • Vacant Land
  • Bulk REO (Real Estate Owned) and real estate property portfolios
  • Bulk mortgage note portfolios
  • Delinquent mortgage notes: There are even investors who will purchase notes that are behind in payments! If you are frustrated and not getting your monthly payments and just want to be done with the whole thing I can help you find an investor who will purchase that delinquent note. This includes semi-performing and non-performing mortgage notes. Get rid of that headache note and let someone else deal with it.

 

 

WHY WORK WITH A BROKER?

 

Why should you use a broker when you could sell the note yourself? Very true. But let tell you why working with a broker like myself is so beneficial and why I can actually make you more money.

 

Investing in Real Estate notes is a very unique and not a lot of people do it. Most people don’t understand the process and you need large amounts of cash on hand to invest with. That’s why most people invest in stocks or brick and mortar real estate, you don’t need that much capital to get started. So there aren’t a lot of people investing in owner financed real estate notes.

 

And 95% of the people out there investing just came from a “How To Get Rich Investing In Real Estate Notes” seminar. They only have $150,000 that they’ve taken from their 401K and they were told that there are bargains out there to be found. Since they will only be able to invest in one or two notes they are looking for amazing deals and they will be really picky. They really don’t know what they are doing and you’re going to spend a lot of time with them and then get offered 50-60 cents on the dollar.

 

I work with only legitimate investors who are increasing their financial portfolios by investing in real estate notes. There are only a handful of them and they each have certain kind of notes they are looking for. They don’t like to advertise themselves because then they are inundated with lots of quotes requests they have no intention of buying. They use brokers like me so that I will weed out the kind of notes they are not interested in. If an investor likes deals only over $250,000 and yet is constantly getting quote requests for deals under $80,000 it’s a waste of their time and resources. So I’m a very valuable asset to a real estate note and deed of trust investor.

 

If you decide to work with me you’ll become my client – the word client comes from the Latin meaning, “to protect”.

 

I’m here for you because if I protect you and your interests and get you a good deal and give you exceptional service you’ll tell others who will come to me, who will tell others who will come to me. Protecting my clients is my business.

 

THE BOTTOM LINE IS THIS!  I want your business!  I will beat any bonafide offer you receive. I am a simple, straightforward person, who conducts business the old fashioned way.  With me there is no pressure and no stress.

 

 

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WHO IS GOING TO BUY YOUR NOTE?

 

Well there are various people and companies who like to invest in real estate notes instead of the stock market, commodities or apartment buildings. They could be a one person operation, or an office of 4 or 5 people, or 20 people, or a big investment house of 100 people. I don’t put your note on a web site forum and hope somebody sees it or market to people right out of a seminar. I work with only reputable, long term investors.

 

 

HERE’S HOW IT WORKS

 

You’re interested in finding out about to selling your note.  Give me a call or email and I’ll get some information about the property and note from you. We can do it over the phone or I can email or fax you the form. It’s an easy 2 page worksheet you can fill out in about 10 minutes. It asks for the loan balance, interest rate, length of loan, and basic information about the property. Then with the information you gave me I look for an investor who is interested in buying your note.

 

If I find an investor who is interested they take a day or so to crunch the numbers, assess their risk and see if it’s a good investment for them. If they are interested they make what is called a soft quote, which is their best offer before having reviewed any supporting documentation, such as the payee’s credit report and property appraisal. The quote will state something to the effect: “subject to review of credit – assumes good credit” but pricing should not change that much unless the property value comes in low or the homeowner has a low credit score.

 

If you accept their offer you’ll draw up an “Option of Purchase and Sales Agreement” with the investor. The investor then starts their due-diligence on the property and the homeowners. Just like selling a house -- home inspection, appraisal, credit checks, copies of legal documents, payment history and verification of current balance. This enables the note investor to verify the information provided, analyze the risk, and confirm their pricing of the note.

 

Once all the “T”s are crossed and “I”s dotted and contracts signed the investor takes control of the note and the title company sends you a check.

 

How long does this take?

 

About 30 days. It can happen in 7 or 10 days and does but the average is 30 days and if it happens in less time then everyone is happy. But with all the paper work, inspection, appraisal, somebody goes on vacation, somebody’s kid gets the measles, the time ads up.

 

How much does the note have to be for?

 

Most investors are looking for notes of $100,000 or more although some will buy notes for less. So notes for $100,000, $250,000, $500,000, $800,000, $5 million and everything in between. There are all different kinds of investors looking for all different kinds of note amounts.

 

How old can the note be?

 

It can be brand-new or many years old. While age is a factor it’s just another part of the overall picture that the investor is looking at. Holding onto the note for a number of months or years, what’s known as “seasoning” the note, doesn’t necessarily mean you’ll get a higher price. It’s possible that maybe the property might devalue in price or maybe the home owners will start racking up credit card debt buying appliances, furniture and landscaping and get a lower credit score. What if the homeowner loses their job and stops making payments. It all becomes part of the equation. Again every note is different. Brand new notes and 20-year-old notes are sold everyday.

 

We can also do a simultaneous closing, where about 6 - 8 weeks after closing you can receive a check for your note. Not very simultaneous but a great way to go about selling your note if you need the cash.

 

How much will you get for your note?

 

This unfortunately I can’t answer, as there are too many variables involved. Sort of like asking how much will you get for your car. Well, what kind of car is it, how old, what kind of shape is it in? All of those aspects will affect the price.

 

Same with real estate notes. Each transaction is unique so an investor looks at several key factors for pricing. These include the type of property and location, down payment, equity, the buyer’s credit, how long the buyer has been paying you, and the terms of your note like interest and monthly payment amount. All that goes into their risk assessment and they make their offer based on that.

 

Is it possible to just sell some of the payments?

 

Yes. This is called a partial. You want the monthly income but are in need of $50,000 cash right away. An investor could give you that $50,000 in exchange for buying “x” number of monthly payments, after which the note reverts back to you for the remainder of the term.

 

You could structure a deal so the you get a lump sum of money now plus also receive a part of the payment each month. You can sell the payments but get part of the balloon payment. There are 101 ways of getting creative with real estate notes.

 

What if I have a 2nd lien note?

 

If you have a 2nd lien, where there is a bank or another investor with a more senior lien against the property, you may be able to sell the note, but the price that you receive won't be nearly as high. Unfortunately investors just aren’t that interested in 2nd lien notes or mortgages right now.

 

 

I hope I’ve answered some of your questions on how this process works. The next step is up to you. Give me a call or email right now, it doesn’t matter what time of day or if it’s a weekend or holiday. I often check my messages in the evening and on weekends. Give me a call or email and I’ll send you the worksheet and answer any other questions you might have. My phone number is 928-226-8073 or email me at craig@ioubuyer.com and I’ll see if I can match you up with an investor.

 

 

LET’S GET CREATIVE

 

Of course you can just sell the note out right but if you need some cash right away and still like the idea of holding onto your note for the monthly cash flow here are some creative options:

 

Partial Purchase

 

A great option for note sellers because of it’s extreme flexibility and because in many cases it is possible to receive MORE MONEY than the original selling price. If you need cash right now but want to keep your note for the cash flow investment you can structure a deal so that you sell just a portion of your monthly payments for a certain amount of cash.

 

Let’s say that you sold your house for $250,000, the buyer gave you $25,000 as a down payment, and you now have a $225,000 note at 7% interest for the next 15 years. You want the monthly income but are in need of $50,000 cash right away. An investor could give you that $50,000 in exchange for buying “x” number of monthly payments, after which the note reverts back to you for the remainder of the term.

 

Split Partial Balloon

 

You could structure a deal so the you get a lump sum of money now plus also receive a part of the payment each month. You can sell the payments but get part of the balloon payment. You get a lump sum of cash at closing and then receive a portion of the balloon payment when it gets paid off.

 

There are 101 ways of getting creative with real estate notes.

 

 

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IN CLOSING

 

I know this is a really big step selling your note. But if you wait to think about it or sleep on it you’re not going to gain any new information, it will just be 3 days later or 3 weeks later and you’ll still not know if an investor is interested in buying your note and for how much. By calling or emailing for the worksheet and more information in no way obligates you to sell your note to anyone and there is no cost to you. It’s totally free.

 

Maybe you had a bad experience in the past trying to sell your note or weren’t offered what you wanted. Let me ask you to try again. I work with only reputable investors and companies that have been in the business for many years. People who are legitimately trying to increase their financial portfolios buying real estate notes. And as you know times have changed. You might be surprised at what is offered for your note today.

 

Right now you’re just looking for more information to make a decision with.

 

So please call me right now, don’t worry about the day of the week or what time it is, if you reach my voice mail leave a message and I’ll call you back as soon as I can, usually same day or within 24 hours if it’s on the weekend or holiday or send me an email

 

928-226-8073

craig@ioubuyer.com

 

 

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