My Take on Investing in Notes

[Nate Crump]

I am not yet discouraged, but as I read about buying notes I seem to find mostly information with a slight negative twist to it. I am 100% sure these members are trying to help gung-ho newbies such as myself, avoid the sting of regulations, SAFE Act, etc., but I get to the point where I ask if it may not be the best route for someone with a small chunk of capital they simply want to invest into their own retirement.

As an example, I am curious if it is important to know ALL the laws from ALL the states? There is a current thread mentioning how if you buy a note in Georgia, you have to have a license there.

Well, I was getting prepared to buy some notes in the near future from someone like PPRnoteco. (Dave seems to have a great reputation), but I worry I could get stung by purchasing a Georgia note and not knowing this law as I live in Utah. Do I need to research all the laws of any state I am looking at?

Or what if I have a note, and the home-owner needs to make a change? Maybe you decide you want to re-write the note, but does the SAFE Act not make that possible anymore, even if it is something you wanted to do to help the home owner, ie. lower an interest rate or something. Can you even contact home owners, or do you need to be licensed? I do feel I've got a bit of mixed answers on things like these.

To be honest, I see two groups of very well established people in the notes forum: One group that mostly deals in the hell you could find yourself in if you do something wrong, and a second group that almost seems to be saying, 'don't overthink it, just do it. It's not as bad as the first group makes it sound'. (I am appreciative to both groups for the advice they are sharing).

Anyway, I don't have any particular questions, other than just being curious if any other new, would-be note investors are feeling this way and if anyone has any opinions on the matter.