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Updated over 11 years ago on . Most recent reply
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Notes in REI
I am planning to attend live event this month with the subject study about Notes. Could anyone to share with experience on this kind of investing and give an idea how long time it may consume to get in the field and see results?
I have some experience in rehabbing and flipping but wish to find out if work with notes is a real deal or should I rather stay away from it.
Thank you everyone for any input, I would really appreciate it.
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- Investor, Entrepreneur, Educator
- Springfield, MO
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The process of buying or selling a note is not rocket science, understanding what you're really getting into and knowing how to manage situations might rival rocket science, not sure, I'm not a rocket scientist.
It can be much easier if you use a broker that you can trust, buy with your money and get a loan servicer, that's investing in notes. If you're doing deals yourself, trying to partner or use OPM and churn notes buying and selling, you'll have a heap of issues.
As Dion mentioned, read up on notes here on BP. I suggest you study here before attending any seminar and I also suggest you leave your credit cards and check book at home when you attend, sounds good but a waste of time, but you might enjoy hearing the hype. :)