Newb Q's

[John Williams]

Can a guy get started investing in notes with just a couple grand?

Where is the best place to start?

I've been reading up on the subject and it seems there is more risk and less upside potential to just being a broker. I've been reading about ways to "improve paper" and make it more marketable and then selling for larger returns than just a flat fee a broker would earn.

Now for a real newb question, where do you find your notes?

Do you just do marketing?

What is the best way to find discounted paper?

Thanks in advance for your help,

John

[Jim Wineinger]

Probably not. Most notes that are sellable have values that range from 30k to 1m. An investor who ownes this note is not likely to sell it for only 2k unless he has a good feeling that it is not going to be repaid.

At what you called brokering which is not brokering at all, but putting two groups of people together who are unaware of each others existance. Brokering is defined as having the best interests of one or the other group in mind. If you make it clear from the onset that you are selling information for your own benefit and they then can make their best deal with each other, then you are not brokering.
Be careful with this (in terms of investing in notes) as all you can do is purchase the note itself and be bound by the existing terms of the existing note. Most "changes" to a note will actually cancel that note and create a new note with the new terms in place. This may require a special liscense in most areas.

Now for a real newb question, where do you find your notes?

Where they are recorded is the best place, usually the recorders office of your county courthouse.
Do you just do marketing?
several different kinds of marketing should be done, the real question is who do you market to?

What is the best way to find discounted paper?
There is no such thing as finding discounted paper!!! You find an existing note, then value that note at what it would be to you, then you discount it by what you want to make on it and make that discounted offer to the seller. You actually discount the note value to you, but the papers actual value is not discounted. In other words you are looking for a note, then you discount that note. You will not find discounted paper, you find paper then discount it.