Investing in Notes - Put me in check!

[Kevin F.]

Hi all - I've been a lurker for a very long time.   I'm wondering about the viability of getting into note investing for someone like myself.  I am currently a consulting manager, at a technology and management consulting firm.  I have no real experience in real estate, other than purchasing my own residence.   I have been reading quite a bit, but I know that's no replacement for professional training and experience.  I'm essentially coming from square 1.

I'm later in my career, and am currently thinking of notes in terms of providing diversity in my portfolio, supplemental income, and providing better returns than the market.   However, I'm also wondering what the viability of making it my primary source income as I transition out of the corporate world. 

So , that's it in a nutshell.  Possible? Pipe-dream?  

[Jay Hinrichs]

having been in this space with investors since the mid 80s  I have never met anyone who is looking for notes to retire on straight away or replace their income..

it simply takes way too much capital if you have 2 to 3 million liquid then yes you can buy great performing notes straight out of the gate and within 3 to 4 months be making 20 to 30k a month no problem

Most of my clients though and I have had hundreds.. they did this as an investment vehicle just like if your going into the stock market few say I am quitting my day job to be a full time stock investor.

To replace your income in the note business you have to do as was mentioned above and create a business out of it and bring in others money and mange it for them like many do including myself.

then those that want to invest with you will want to know your experience... its tough starting when I do this I can show couple thousand loans on the books  LOL.. so credibility is not an issue.. so what for me is quite easy can be really tough for someone starting out. 

And if your wondering how I got there.. I apprenticed with Mr. Jack Langer in Oakland CA from 83 to 86 .. he passed and I ended up taking over his book and his business of 250 investors and 50 million of loans on the books.. but I had a CA broker license at that time had 12 years of brokerage experience and 3 years of working with him as his assistant day in day out and learned it from ground up.. Plus right place right time.. he had no succession and no Heirs to give his company to..