Posted by Daniel Lewis on May 20, 2004 at 19:52:55:
I am a newbie at real estate, but after reading all I can here about paper, it sounds like it is for me.
I live in Australia, where a real estate boom is on the way down.
My question is: Since Australia does not have a developed note/paper market like the US does, should I look for note buyers in the US? Would anyone even be interested? Our recording system works pretty much the same as yours does, and I think foreclosure is the standard moreso than deed of trust/power of sale (although I would look at using a deed of trust myself when financing to a buyer).
Even a more basic question: is paper suited to a newbie like myself? I hope so, I would love to take the billions of dollars of real estate available here using paper ;-)
Thanks to LesGee on the Richdad.com forums for providing the link to this forum!
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