Notes & Note Brokering

[Vincent Charleston]

Hello, I have been reading up on the note business.  I am interested in getting started with the note business, and I was wondering if there were any good programs, companies, or educational materials that someone who is involved with notes can recommend.  I am thankful for any advice and help!  

[Sam Wilson]

So on Noteschool...I left today. Here's my background and may help qualify some of what I say:

I'm big into learning. I want to learn everything I can from anyone I can. I think that every conversation could be that one simple nugget that changes the course of how you do business. As it has happened to me, so I expect it to happen again. Therefore I am a sucker for a seminar, an edge, any sort of insight someone else may have into a particular industry. I always say that we only need one thing from an event to make it worthwhile and pay us thousands in revenue from a changed perspective. 

At Noteschool, I felt like I was being sold the entire time to upgrade to their next program/level/step/"insider advantage"/ whatever was next. You know what I'm talking about. The pictures of the happy family/ me and my kids/ what we do for fun/  our spare time charities we support/how the note business has made my life wonderful/don't you love the Caribbean too bs. Get on with it. That made me mad. And I am paying $1,000 to have you sell me your program. Dang. I'm an idiot.

Noteschool didn't present me with new information. Being in the foreclosure business, there wasn't much here I didn't already know. For some, it may have been super insightful. But they did spend an inordinate amount of time on liens, super liens, taxes, insurance etc. And that may be a good building block for a lot of folks who don't know it who are looking to get into notes. However, I found that it talked around notes, not actually how to buy them. There was zero actionable information. And that is precisely how they sell you on the next step. They're going to save that for the 3rd level. Get that right, there is the $50 one day after they've presented to your REIA, then there's the $1,000 3 day, then the 15 or 20k however long course, then another and...how far down does this rabbit hole go?

In the end, I got up and left. It was stupid. And they scheduled game plan sessions with their closers just for you! So they could get you alone in a room and help you determine your next steps. Read that right. Which timeshare would you like again? Really? This big bouncer looking dude ( I am sure he was really nice) cruised around like he was bored to death until it was his time to close you on their service. I couldn't tell why they needed him there for 3 days except that oh yeah...he's a closer.

If what they sell were so great, why would they need to stiff you for 20k+ to learn their program? Why wouldn't you be able to read 3 books, learn the systems and go buy notes from them? Maybe it's because they are in the education business now and not getting you into buying notes? I can't say 100%, but it is super fishy.

Some have said the value is found in their program in being able to have like minded investors to run ideas by...isn't that what we do here on BP and it didn't cost me $20k+ ...?

My gut said this is a waste of time and a bit fraudulent beforehand. I didn't listen. And should have...