All Forum Posts by: Austin Davis

Story coming out of St. Pete , Florida. Looks like its about note investing, or at least touches on the issue. Not 100% sure what happened here.

http://www.tampabay.com/news/business/realestate/a...

Scott Carson has some great resources about breaking down tapes/ due diligence.

https://www.youtube.com/watch?v=oprqNhHZ3aY - this shows his checklist that he provides in the note buying course he offers.

Additionally here's some other videos.

https://www.youtube.com/watch?v=16cYLZqjYfo

Due Diligence Done Right - The Monday Note

go take a look at some of Scott carsons videos. Anything that mentions breaking down deals or tapes will give a good idea.

so a friend of mine is trying to get me to consider doing some note investing. I've started doing the initial research, and I came across a few questions I wanted to see about Clarification? Assume np 1rst for this question.

What sort of activities require a brokering license ?

does selling partial notes require a brokering license ?

I see that quite a few poeple raise private money for these deals. Outside of a typical j.v. Set up, how else are deal structured? I see some investors will get several passive investors to pool money together for a deal/deals. How are those structured ?

I see alot of people will purchase pools of notes . When pooling money from more than 1 Jv partner,  and purchasing a pool of notes how is that deal structured? 

 if you Jv on a note and sell a partial from it  , how is that handeled?

 I've read about concerns with bumping into the SEC, outside of a qualified investors issues, what would cause the SEC to take notice of ur note investing activity? Are notes considered a security ? At what point / what activities might require a securities license?

Hello again bp! I've been Mia from these forums for about 5 months now. I just relocated to Lexington ky. The move kind of put my rei journey on hold. Been here two months and looking to connect with people in the greater Lexington area. Eager to restart my rei journey. I'm interested in all aspects of rei for financial freedom purposes.

Welcome to bigger pockets! And hello from a future neighbor (I'm moving to the lexington area this june).

Welcome to biggerpockets and best of luck on the exam!

I know this is an older post, but just came across it. Just sent you an email Eli.

Another good way to get your feet wet is start analyzing deals in your area. Go on listsource.com and look at recent transactions (3-6 months), and look at absentee purchases. Break it down by zip code. List source will give you a count, you won't have to pay for this.This will explain it in more detailThis will give you a good idea of what neighborhoods are hot in your market. Start analyzing deals in your area. Just to get a basic idea of how things look. Also, you might consider looking on youtube at the different guru types and look at their motivate seller calls. It will give you a basic idea of how the conversations go (this is probably the part that scares alot of new investors). Also, you might consider looking around on the market place forums, you'll find posts for people looking for virtual brird dogs. They take care of the marketing expenes, you handle lead calls and such. Its a good way of getting some experience in it. You might be able to approach a local wholesaler or investor, offer to bird dog for them. I would be careful with this last one , especially if working with another wholesaler. If youre working with a wholesaler, I would be wary of investing any signifgant amount of money into the venture- if youre going to invest more than just some gas money you'd be better of trying to start wholesaling yourself.

right here on biggerpockets. Thats what ive done. set up a few keywords for your market. look for investors in your market send them a message explaining who you are and what you do and ask if they want to be added to your buyers list. I did that and i've found 170 potential biggerpockets members to add to my buyers list.