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Updated over 8 years ago, 05/24/2016
Developing A Note Investing Team
So, first off, I'm a newbie. I've done some research and networking and now I'm ready to put together a team to get started investing in notes. I'm most interested in non-performing 1st and 2nd lien notes. I'm reasonably proficient reading legal contracts, but have no particular experience deciphering notes. I'm comfortable calculating present/future value of notes.
I'm thinking I need:
1) A mentor to partner with on a few deals to get started.
2) A loan servicing company
3) A real estate attorney
4) Ongoing sources of notes as close as possible to the loan originator.
What other resources and team members should I bring to the party at this stage? How would you go about researching and locating team members?