Is it Too Late To Start in Notes?

[Stephen Bagnani]

I appreciate all you do, and the education you provide to people. I have recently had the "Rich Dad Poor Dad" awakening so to speak, and I am in the decision phase of what assets I want to be investing in.

I have been very intrigued by the real estate markets, but something I saw Scott Carson say on youtube about "Be the Bank" is really striking a nerve for me.

My Question, is it too late to get into Investing in Notes? My goal is financial freedom from my Job and the ability to travel, and have future growth to give to many generations of Bagnanis. I have some investing partners in my family, but I am the main driver of our efforts, and once I pick a niche I will commit all my spare time, and even go full-time (quit my job) if I am successful enough.

Thanks for taking the time to read this, and if there are any good resources on the basics of cash flow notes, I'd love to check them out.

[Bob Malecki]

Hi @Stephen Bagnani, its never too late to invest in mortgage notes. As long as people need a place to live and have to borrow for the right to own, there will be notes. I would spend the next 6 months getting educated and attend conferences like Papersource and Note Expo. Make connections, learn from your peers and get some education on how to evaluate notes and due diligence. The consensus at a panel discussion at last year's IMN conference is that there are over $300 billion in extremely delinquent debt still to be liquidated to the secondary market, plenty to go around for all of us small balance investors. 

Bob