Holiday Inn Note Investors

[Chris Seveney]

For those budding note investors, I wanted to offer some advice as you look to grow your business.

1. Do not go cheap. If you have assets under agreement, do your proper due diligence which means order title and have an attorney review it. Nothing is more frustrating than a buyer trying to tell the seller their lien is not in first position or enforceable based on their legal opinion (because they stayed at a holiday inn), especially when an attorney who has had the case for a year tells you otherwise. You look foolish.

2. If there is a broker involved, don’t lie to the broker. Oh I had the money to close but…. Or the seller was not forthcoming…

3. If you don’t know do not bid. If you already bid and do not know, ask another investor. Experienced investors do not like wasting time with "fake it to you make it investors"