Note investing mentoring

[Scott Nichols]

Interested in hearing from others actively in the note investing business if a paid mentorship costing around 20K sounds reasonable, too much or something I should avoid.

[Marco Bario]

@Scott Nichols - I have experience with a $20K mentoring program. The one I chose is a solid group of experienced, reputable professionals, has a constant flow of content, and access to input when you're off track or relative to your specific deals & questions. In hindsight, however, I wish I had allocated that capital into assets. Will I make back the money I spent on the program? Yes. But I believe I would have based on other education I've paid for at lower price points taught by equally reputable and smart professionals. Not to mention free resources which I'll also cover below. 

Not knowing your goals, experience, potential focus in the note space, or personality - I'm going to wing this and see how it goes:

1. Listen to the entire "Note Inc." podcast. It's laid out like an introductory course on notes. Entertaining and worth the time. (Free)

2. Search the "The Note Queen" on YouTube. I really like Dawn Rickabaugh's take on "Property and Paper." On YouTube you'll find her recorded webinars. You can also sign up to participate live where she'll help you to drill down on deals if you ask her to. (Free)

3. Join Facebook groups on notes. Some who run the groups also host podcasts which are educational. (Free - except for allowing FB to know everything there is to know about you)

4. Read any or possibly all of these books: Invest in Debt (Jimmy Napier), Real Estate Note Investing (@Dave Van Horn), Note Investing Made Easier (@Martin Saenz), Bulletproof Title Due Diligence (Alex Goldovsky). As you may have guessed, Mr. Van Horn and Mr. Saenz are accessible through this forum as well.

5. Consider purchasing a performing (preferably not re-performing for your first note) note from someone reputable for your first deal. Mine was from a flipper/turnkey operator on a house in Memphis. An almost brand spanking new note created by someone I know and trust who I know would most likely buy it back from me if it ever goes south. It won't and I'm still collecting payments on it today. I recommend this so you get used to buying "paper" and everything that goes with it.

6. Listen to the Good Deeds Note Investing Podcast. @Chris Seveney co-hosts this one with @Gail Greenberg. It's like tales from the non-performing notes front lines. I love it and pick up great stuff all the time.

7. Lastly, I have positive first-hand experience with a couple of other paid educational resources: "Note Investing Academy" and "Note Investing Tools." Of course, you could consider joining one of these sooner rather than later, but I gave you some free stuff to wet your whistle first... and it's good stuff at that. 

Hope this helps. I love to learn and especially have enjoyed learning about notes. Go get 'em...