Note School

[Melanie Scopelitis]

I am interested in investing in partial notes without the expense of Note School with Eddie Speed.

[Mark Pantak]

Hello Everyone, (I have been buying houses & creating & selling notes & partials for about 25 years)

My specialty is creative finance & seller finance in Texas since I love that I can foreclose quickly!

Partials can be a good investment, just be very careful that you understand EXACTLY what you are getting into? make sure that you have ZERO Assumptions and the right attorney on your team.

Be prepared to go worse case scenario of foreclosing on the lien.

Make sure that you like the collateral, that you know & understand your documentation?

that you have had your attorney review the documentation to insure that you can foreclose if you have to? and that you understand how much it may cost? how long it may take? and the required laws in that state so that you are compliant with state and federal laws.

Make sure that you start out with a PERFORMING First Lien and not a second lien or an NPN?

NPN stand for a Non-performing note which means they are in default and not paying.

Also make sure that the property taxes are current? the status of fire insurance and if the lender is an insured party? (You could lose all of your investment right here?) 

and make sure that you understand the risk and what you are required to do to protect your investment?

You do not have to spend a lot of money with some National Guru in order to buy notes! Hang on to your money! and the one place who i do recommend for good, honest training is PaperSource and their National Convention is coming up in Las Vegas in April! You will find that Eddie Speed, Note School and most of the Note Gurus will NOT be speaking there! you can come to your own conclusions regarding why this is? Be careful about anyone making their money selling $10,000+ coaching / mentoring / training programs! BP is a good source of information! 

If I can help in any way please let me know? I am always looking for notes to buy & buyers or notes. However we must establish a working relationship before I do business with anyone.