Scott Carson 'Note Buying for Dummies'

[Marion D]

Has anybody taken this course and can give a review? Thanks in advance

[Tom Goans]

This old seasoned investor who has been buying and selling loans secured by real estate since the 1960s suggests avoiding this segment of real estate investing unless you have decades of experience. This form of investing is only for those who are very skillful in the real estate business and have great knowledge of the laws - federal and state.

• You must strictly follow many laws. Just the way you communicate with a borrower is governed by laws.
• Foreclosure is complicated and a long and costly process.
• Real estate finance is very complex.
• Reliable valuations cannot be derived from the Internet.
• Finance laws are very complex. They must be known and understood.
• The documentation that should be used can be complex.
• Guessing is a great way to get into trouble.
• There are many ways to invest in real estate finance. Do you know them?
• Knowing how to collect money is critical. It goes far beyond demanding for a payment.

It is a great idea to learn the finance business. It will help you with most aspects of the real estate business and give you a better edge and advantage. The more you learn, the more you experience, the more you hear, the better your communication skills ... this will lead you to a better chance of making the finance business profitable and safe.

I would suggest you consider this investment segment at a later time. It will always be around and so will the opportunities.