Let me take one step back. We were ready for retirement. I reckon I made my mark in Seattle (I was in the IT industry) and we were seriously considering looking for real estate on Maui where we had spent our annual vacations for the past twelve years. You can tell we were in love with the island. But looking for vacation rentals is a lot different to finding Maui homes for sale, so we went online to find Maui Hawaii real estate.
They sat next to me as I went online, Romeo with his drooling smile, all bonhomie and over-friendliness and Gigi with her enigmatic smile and emerald eyes staring at me trustingly. I was just going have to track down pet friendly apartment rentals, Portland, Oregon, that was all. The alternative was I would stay in LA and Ben could go alone.
It started when he mentioned the term cash flow financing I had to admit I didn’t know what he was talking about. He explained that sometimes when a homeowner wants to raise cash against a property, a realtor gets involved in finding a mortgage note buyer who essentially re-lends portion of the value of the house to the one who sells the mortgage note. What’s interesting is that the lender can actually sell the mortgage note to another real estate note buyer, whether it’s performing or otherwise.