New To Note Investing? Here's where we started...

[Daniel Burbol]

1st of all, I'm not a pro.  My wife and I are just getting started with Notes --but we threw ourselves into learning as much as we could in 30 days before going to the Note Investor's Summit 2015 in San Diego (so we wouldn't be dazed and confused for the whole convention) and it was 100% worth the effort.

There is another conference come up in Las Vegas put on by Paper Source.  I thought I might share the crash-course my wife and I used for anyone thinking about going to an event like that. (My wife and I also got tickets to the Paper Source so I hope to see some of you there.)

Here's how we wrapped our mind around the basics of Note Investing in about a month...

1. We saw Gordon Moss talk in person, which was lucky. (I know you can't do that, but keep reading). (I think this might have been a free talk at a REI Club)

2. We went to Gordon Moss' website and watched all of the videos on his blog.  (starting with the oldest one on his blog)  (FREE.)

Gordon Moss' blog: http://realestateandnoteinvesting.com/blog/

Some are high-level and some are more in depth. Gordon personally focuses on "non-performing 2nds" but touches a lot on how they are different from "1sts" and "performing" or "under-performing" notes.  (Please hear those words.  Gordon has his preferred method but it's not the only method.  I'm not saying his way is the only way, I'm saying, you can use his site as a springboard to educate yourself.)

3. We slowly walked through all Gordon's "Module 10" videos with a pen and paper, pausing and rewinding often. (Free)

Here is a link to the first of those videos: http://realestateandnoteinvesting.com/2012/12/note-investing-mentoring-1/

These "Module 10" videos do NOT have in-depth teaching.  Rather, they are a summery of a course he once held (or something).  They walk you through his whole process, end-to-end, and are a wealth of great topics and keywords to google for more info.

4. We actually googled those keywords and topics (Free)

5. We started to do the same to all of Gordon's Links (people he mentions as looking up to). (Free)

http://realestateandnoteinvesting.com/amazing-link...

6. I also read his book (which, by this point, only reiterated what we already knew from carefully leveraging his blog) ($10)

on amazon: http://www.amazon.com/gp/product/B00J35GWFA

7. we went to the Note Investor's Summit and didn't get lost :)  (Gordon wasn't present, but was positively mentioned often by speakers and attendees alike.)

8. (As of writing this) we are currently getting setup (legally speaking) to buy our first notes without exposing our privacy, etc.

9. We hope to have already purchased a few notes before the next conference happens (Paper Source, in Las Vegas about a month from now)

Paper Source: http://papersourceseminars.com/paper-source-note-symposium-cash-flow-profits-2015/

the end.

Okay, I hope that is helpful.  Also, if I'm way off base or if anyone has better resources, please chime in.  How did YOU learn the basics of Note Investing?  

(PS: special thanks to Katrina Jonah's great questions that inspired this post.)