Hi!
I'm here to learn mortgage note investing from all of you. I'm a wife, mom, dairy goat farmer, and nurse transitioning to a career in real estate. I have a real estate license and am the seller of a couple of houses on land contracts. I stumbled upon mortgage note investing while searching for loan management software for my land contracts and now here I am.
I am in the info-gathering phase ... devouring a ton of information. Down the line, I would like to convert one of my land contracts to a mortgage and then sell the performing note to another investor seeking cashflow. For the next property that I seller finance, I will create a mortgage note against it from the outset.
Does anyone have a suggestion regarding how far in advance one should set up an entity for buying notes? Any suggestions on naming such an entity? Any advice on next steps after consuming a boatload of information? It is easy to drown in the sea of information. I'm looking for a flotation device.
Thanks for your time.
Best,
Wendy