Seller Financed Notes

Instructor: Jeff Armstrong
Level: 400
NR Hours: 12
No. of Days: 2

Content:
In this class, students learn the necessary elements to generate significant passive income yields when purchasing real estate secured seller-financed notes. In addition to learning the most effective techniques to locate and negotiate the purchase of a note, students will learn methods of structuring and creating notes while also role-playing the initial conversations and negotiations that take place between note holders and investors. Students will review the forms used in seller-financed note transactions, learn the due diligence involved in compiling and verifying the necessary information, calculate an offer based on desired yield, analyze deal risk factors, and learn the process of closing and funding a note purchase transaction. To get the most out of this educational experience, students must bring an HP 10B II calculator to class. Calculators will not be provided.

Course Objectives:
Learn what a seller-financed note is and its advantages and disadvantages. Identify the 7 step process of investing in seller-financed notes. Understand how to locate existing seller-financed notes. Calculate and verify note terms and pricing options. Evaluate a seller-financed note to determine pricing options and safety. Understand how to properly structure and negotiate a seller- financed note. Examine the documents used in transacting the purchase of a seller-financed note.

Nouveau Riche™ (NR) offers an educational system for entrepreneurs and aspiring entrepreneurs. NR is the exclusive distributor of the materials, content, presentation design and format, which are proprietary products of Nouveau Riche AcademyTM (NRA). Neither NR nor NRA is a degree-granting or vocational program, and neither is accredited with any academic or standards governing board.  As with any College, courses and instructors may be added, changed, or removed from time-to-time. NR and/or NRA reserves the right to make replacements or substitutions to the curriculum, its content, presentation design and format, as it deems necessary to ensure the quality and effectiveness of its Colleges.