Best Beginner Note Education Course PaperSource or NoteMogul?

[Account Closed]

Hello, 

I'm new to Note Investing and will be taking some education courses to help me learn the business. I realize this isn't an easy business to get into, it take time, effort, money, and myriad more things in combination to be successful. Education being only one component. 

I've seen 2 courses recommended here; PaperSource Note Pro ($397) and NoteMogul Training ($497). I would like to ask people here who've either taken the courses, have experience with them, or otherwise have relevant information about them to give me their feedback.  

1. Have you taken one or both of the courses? If so, what did you like and dislike about them? 
2. If you've taken both, do you prefer one over the other and why?  
3. Would you take them again?  
4. Do you think they are helpful to a new Note investor? 
5. Can I get a better return on my money with a different product, ie. a book, course, webinar, ebook, etc? 
6. Did the course accomplish it's goal of educating you on the business and to how be successful? 

Your input is greatly appreciated, thank you. 

Thomas Turner

FYI: 

I've read most of the Note articles on BP and Dave's 99 page PDF on Note Investing. 

[Diane E.]

So here is my take.  I haven't done any of the mentoring programs available from Eddie Speed or Scott Carson (both mentoring programs run $15K or more) but I've taken intro courses from both Eddie and Scott.  I took Eddie's 3-day intro courses on nonperforming and performing notes.  That was about $1K or so.  The time and info was worth it as a good intro, but then there was a hard sell for Eddie's mentoring program.  I've also taken Scott Carson's Virtual Note Buying for Dummies ($700) and attended his Note Camp.  Both of those were worth it and didn't hard sell the mentoring program.  I thought Eddie's course was a better explanation of legalities, but Eddie has done this for many decades and some of his practices don't seem that current compared to Scott's.  For me, Scott's course had a much better focus on marketing, including social media marketing, and asset acquisition.  Scott also puts out a ton of info for free.  Check out his podcasts on weclosenotes.tv for replays.

A new education option that just became available is the Note Investing Academy.   I thought the course was comprehensive, well sequenced, and definitely worth the pre-launch $2K price I paid.  Three different instructors present videos on their areas of expertise.  For example, there's a  1+ hour video with an ex-kindergarten teacher turned note investor explaining how to do due diligence on a tape. There is a video with nuts and bolts of collateral file review, including documents used with contracts for deed.  A marketing guru explains branding and social media marketing.  There's a section on setting up your company.  This course seemed to me to have everything in one place, without spending days or signing up for a mentoring program to get to critical missing information.  They have taken a lot of time to make the videos complete but concise.  This course is still being finalized but you might want to check it out.  

And of course, these are just my impressions.  Your mileage may vary.