Discount Mortgages/Notes: Buying, Trading, Selling

[Ashley Guzman]

Hi, my name is Ashley Guzman and I am a new investor. I have recently become aware of a strategy involving discount mortgages or notes.  The strategy intrigues me and I  completely understand the concept. I am also well aware of the amount of money that can be controlled and made by using it. However, I am at a loss when it comes to finding any further education concerning this method when it comes to "dealing" in discount mortgages.  I know notes can be used and traded, thus giving excellent returns,  but I can not-- for the life of me-- find anything ( i.e. training, or steps on obtaining, or negotiating) or-- for the lack of a better word-- squat on putting this good knowledge to use. Is anybody out there familiar with this strategy, and if so can you please help me to utilize it. I am always looking for good partners and networking companions. Thanks in advance for any response. 

[Bill Gulley]

Sorry, maybe I should just keep closer to the basics and not get things so involved with the forums or some first edition. Reason that notes and financing are so difficult to teach are due to having 50 states with various laws besides the federal aspects that are a moving target.

I really suggest you not get educated by the gurus or seminars, best to find a broker you can actually trust, a local broker would be best. Finance is not a real estate matter, it's just the collateral and while you need to know about your collateral, finance gets much deeper than RE.

Much of what you need has already been addressed in the forums, read the notes section, careful who you get your education from! You should be able to tell who to follow.......hint: there's about a  half dozen brokers/registered lenders, compliance and finance types. :)