Joplin Area Real Estate Investor Association

Author: Marco Bario (1 articles found) - Clear Search

The 4 Cs of Buying Notes

Community of Real Estate Entrepreneurs



Marco is a buyer of seller-financed notes and mortgages who is also a member of our amazing national community of real estate entrepreneurs. He’s co-teaching the all-day workshop on getting started in buying notes in late February and is the author of a weekly “Seller Finance” e-letter.

        Like many other members, I attended the excellent Saturday Workshop taught by Robert Mohon called, “The Ultimate Credibility Package.”

        One of the things I learned was all bankers are taught the four Cs of lending money: things they look at when considering whether to make a loan. These are:

  1. Credit
  2. Collateral
  3. Capacity
  4. Character

        This made me think about the differences between lending money and buying seller financed loans that someone else already made, which is what I do. I came up with these four Cs for Note Buyers:

  1. Credit
  2. Collateral