Investing and Financial Markets
Letters Notes and Memos
What are Private notes?
Asked in Leonardo da Vinci
Why did Leonardo da Vinci write his notes backwards?
Asked in Small Business and Entrepreneurship, Business Plans, Business Accounting and Bookkeeping, Financial Statements
What is a Cash Flow Business?
A cash flow business is typically going to be a business which specializes in buying, brokering or otherwise investing in Cash flow notes. Cash flow notes are privately held mortgage notes held be the seller of a real estate property in lieu of a bank mortgage. If you are in the "cash flow business" then you are investing in or brokering private notes.
Asked in Mark Twain
In 'The Private History of a Campaign that Failed' what does Mark Twain say about military bearing?
Asked in James Madison
What two things caused James Madison to be called the father of your Constitution?
Asked in Real Estate
What type of companies buy mortgage notes?
Asked in Definitions, Similarities Between
What are the similarities between a diary and a journal?
What are first position mortgage notes?
First position mortgage notes are a secure real estate contract that indicates an amount owed on a property. The position is an indicator of who has first rights of foreclosure should the payor default on the loan. In the private cash flow notes business most investors are interested in first position notes and second or other (3rd, 4th) position notes are not as valuable due to the risk involved of possibly losing the investment in a foreclosure situation. the lower position notes would have to pay off the first or stand to lose their investment entirely.