Note Investing

[Honora Ciancanelli]

Hello

Listened to a podcast today, and they mentioned note investing. Can someone give me more info on this.

[Tim S.]

That's a broad subject.  These will get you started.

https://www.biggerpockets.com/blogs/5359/38939-not...

https://www.biggerpockets.com/renewsblog/2016/07/0...

http://www.nuviewira.com/8-steps-to-trust-deed-inv...

https://www.biggerpockets.com/forums/70/topics/182523-new-to-note-investing-heres-where-we-started

[Honora Ciancanelli]

Thanks! 

[Bob E.]

Short answer, A note is a promise to pay- basically a loan contract.  The podcast is referring to buying existing loans secured by real estate.

[Beth Hale]

There are lots of places, and people you can learn about notes from.

I might be careful investing or training with this person.

www.investwithscottcarson.com

[Logan Hassinger]

As @Tim S.  provided, those are some good posts to get you started. 

I would also say check out a few books that may help you decided if notes is really what you want to do. 

- Paper profits

- Win-Win Revolution

- Bullet Proof Title Due Diligence (this is a deep dive in to understanding what to be looking for when performing your review of a note). 

I’m also a full time note investor like Desi or Dan Deppin or Chris Seveney or Dave Van Horn Andy Mirza and a number of other people here on BP that names aren’t coming to me. 

At the end of the note investing comes down to due diligence and relationships. Like many other investments it’s won on the buy. 

Pick a strategy first, Performing Vs NonPerforming, 1st position or 2nd position, targeted Geographic are, home value/loan balance. From there, there is plenty of info on on BP to get you going in the right direction. 

[Paolo Ruggieri]

very nice passive income, but you need to understand the collateral behind.

You need to ensure:

- invest in notes originated in "non-judicial states" (mainly red states) where foreclosure is fast and inexpensive (do not do it in Illionois)

- loan is less than 80% of the property value... You need to understand how to verify the value 

PM me if interested and I will be glad to help you

[Chris Seveney]

@Honora Ciancanelli

Oh this is a deep rabbit hole.

Here is my resource compilation

RESOURCE COMPILATION

1. Educational Resources

a. Seveney Mortgage Note Investments

i. Websites which are online marketplaces - https://www.youtube.com/watch?v=z5X6DLTkEZY&t=661s

ii. Interview with Investors who started out

https://www.youtube.com/watch?v=tBeixPk-Nhs&t=2s

iii. https://Youtube.com/7einvestments is where I house all my videos

iv. Good Deeds Note Investing Podcast

v. Notes and Bolts from the Good Deeds Note Investing Facebook Group

b. Financing / Note Investing Books (Bold are ones I read, others are from other sources)

i. Brueggeman, Fisher – Real Estate Finance & Investments (college textbook)

ii. Joshua Andrews Paper Profits

iii. Fuqan Bilal Turning Distress into Success

iv. Jim Napier Invest in Debt

v. Alex Goldovsky Bulletproof Title Due diligence

vi. Troy Fullerwood Power of Paper

vii. Bill Bymel Win-Win Revolution

viii. Fred Moskowitz - The Little Green Book Of Note Investing: A Practical Guide for Getting Started with Investing in Mortgage

ix. Edward Griffin – The Creature From Jeckyll Island

x. Martin Saenz- Note Investing made Easier

c. Websites For Information

i. https://www.biggerpockets.com

ii. https://fixnotes.com

iii. https://www.getrefm.com/ (excel training)

d. Note Sellers

i. www.paperstac.com

ii. www.snsc.com/sntrading.aspx

iii. www.Sales.madisonmanagement.net

iv. www.nationwidesecuredcapital.com

v. www.fnacusa.com

vi. www.americannoteexchange.com

vii. www.notetraderexchange.com

viii. www.notesdirect.com

ix. www.watermarkexchange.com

x. www.colonialfundinggroup.com

xi. www.paperassetscapital.com

xii. www.investorsmls.com

xiii. www.capstonecapitalusa.com

xiv. www.exchangeloans.com

xv. www.loanmls.com

xvi. www.directsourcere.com

xvii. www.7einvestments.com

xviii. www.kondaur.com

xix. www.geminicapitalmanagers.com

xx. www.Nationalnotegroup.com

xxi. www.pprnoteco.com

xxii. www.colonialcapitalmanagement.com

xxiii. www.mscpinc.com

xxiv. www.revcapgroup.com/portfolio-stratification/

[Justin George]

@chris
This is a great jumping off point! Looking forward to listening to the first episode of Creating Wealth Simplified in the morning as well as checking a couple of the books listed!

[Kevin Crowell]

Hi Honora -

Education in this business is key. Use the first 4-6 months to get as much information as possible. Chris' sources are great. Plus, you're here, so you've already started so kuddos to you. Once you feel you have the education behind you, go to a networking event and by that, I mean a note networking event like Noteworthy, DME, or Papersource and network. Relationships are kids, as Logan pointed out so make sure that you make some good ones. Don't be in a rush to purchase your first asset. Know what you want to buy, where you want to buy and don't let anyone influence you otherwise. Do your due diligence carefully. Ask questions on BP when you get confused. Hope that helps. Happy Holidays!