All Forum Posts by: Tracy Z. Rewey

@Chris Seveney Great list!  We have used RingCentral for phone numbers including toll free since 2000.  For CRM we now use Kartra (previously used InfusionSoft and before that Aweber). We use TValue amortization software quite a bit as well.  

I second @Andy Mirza  This definition from the SEC Investor.gov site is helpful:

Under the federal securities laws, a company that offers or sells its
securities must register the securities with the SEC or find an
exemption from the registration requirements. The federal securities
laws provide companies with a number of exemptions. For some of the
exemptions, such as Rule 506 of Regulation D, a company may sell its securities to what are known as accredited investors. The term accredited investor is defined in Rule 501 of Regulation D.

The whole loan differentiation that Andy mentioned is also an important distinction.

Thanks @Jennifer Pauyo and all the fellow lady BP investors.  This thread fired my motivation to put a long term goal into action.  I've wanted to create a platform that features female investors.  I think lack of confidence can be a barrier and knowledge is the solution.  Add a great community of like minded women and we can break the wealth gender gap.  We are holding our first online Wize Women Expo in Sept this year!  If you have any specific topics you want covered please let me know.

Develop the confidence to invest wisely!

We are bringing successful female investors to you in an exclusive online event.

And do you want to know the best part?

It is absolutely FREE to attend.

Learn how women, just like you are:

• - getting out of debt
• - creating cash flow
• - buying and selling real estate
• - profiting from private mortgage notes
• - building a stable retirement portfolio
• - investing tax-free with self-directed Roth IRAs
• - harnessing the power of compound interest

Women invest less than men - up to 40% less shows one survey by Wealthsimple. Finance and investing have been a male dominated world. It’s time for that to change.

The Wize Women Expo is here to make that happen.

Register for your free ticket today at www.WizeWomenExpo.com

Here is the Speaker Lineup...

Day 1 - Friday, September 18th (Times In EST)

10am Tracy Z
Investing in Debt - Stop Paying Interest And Start Earning It Instead!

11am Liz Faircloth
From 2 to 222 - Learned Lessons From Scaling a Multifamily Portfolio

Noon Laurie Itkin - The Options Lady
Using Stock Options To Diversify And Grow Your Portfolio

1pm Jemila Winsey
How To Build Wealth With Small Multifamily Properties

2pm Wendy Sweet
Lending - The Best Seat At The Table

3pm Samera Harvey
Mobile Home Wealth Secrets The Real Estate Gurus Don't Tell You

4pm Mary Hart
Wealth Building Tips

5pm After Hours Panel Discussion

Day 2 - Saturday, September 19th (Times In EST)

10am Czarina Harris
Market Shifts: The Note Business Killer

11am Laura Landgraf
Break Your Own Barriers

Noon Anne Marie Rogers
EmpowHERed Retirement: Tax Free Investing In Self-Directed IRAs

1pm Dawn Rickabaugh
Owner Financing & Notes - 7X The Money Of Wholesale

2pm Gail “The Note Gal” Villanueva
A Journey In Real Estate - What I Did On My Summer Vacation 2020

3pm Deepta Hiremath
How To Buy 2nd Liens And Distressed Debt

4pm Martha Speed
When Life Stories Live On, Building A Legacy

Details at www.WizeWomenExpo.com

Originally posted by @Ty Randall:

@Tracy Z. Rewey has LOTS of great, FREE info on https://noteinvestor.com/ and paid education on https://www.noteinvestingtools.com/. I'm sure if you reach out to Tracy, she can help you.

 Thanks Ty for the kind words! .

Originally posted by @Christine Mulkins:

Thanks Tracy! I appreciate your insight and kind words :)

You are welcome.  Stay safe and healthy!

Hello @Christine Mulkins That is actually a great question!  You often have so many more options with a private seller financed note over a bank loan as you get to work out an agreement one on one with the note holder/seller.  One option is negotiate a Modification of the Note terms.  This could be reduced payments for a time, reduced interest rate, skipped payments (extending the amortization) or any other agreement that works for both of you.  By entering into an agreed Modification BEFORE going delinquent you never have to get to the formal forbearance stage.  Sadly with banks they often make you get delinquent before they will talk to you about forbearance.  That is different with sellers that took back financing.

@Aaron K. mentioned messing up your credit which can be true with bank financing.  But if you modify the note terms and always stay in compliance then you won't be in default. Also not all sellers report to credit bureaus.  If you make your monthly payment through a third party servicing company that then disburses to the seller it is possible they do report (some but not all do), but if you pay directly to the seller then that is unlikely.

I have worked with seller financing for 30 years and I always appreciate a buyer that contacts me to discuss options before going delinquent.  You are smart to think about your options ahead of time!

Hello lovely ladies!  I started in real estate and moved to re note investing.  Been at it since 1988.  There are so many more ladies investing now and I love it!  At some of the conventions we are closing in on 1/3rd the audience.  Would love to see it at half but confident we'll get there.

Originally posted by @Cornelius Johnson:

@Tracy Z. Rewey Hi Tracy,

If your still willing to talk some more about your 21 steps you mentioned I’d love to hear about that

 Sure thing Cornelius.  Happy to share the link to the article on my blog.  To follow the BP rules I need to send that to you through a PM which I just did.  You can also find it pretty easy by going to our website (link in bio) as it is featured on the home page.  Let me know if you have any questions.

Originally posted by @David L. Rhoiney:

@Tracy Z. Rewey

Mrs. Rewey,

Thank you for that information. I too, believe that no one cares about your money as much as you do.

From my research it seems that their is a large barrier to entry with Note investing, specifically capital requirements. Did you find this as well?

If you want to play in the portfolio world buying multiple notes at once then yes, there are large capital requirements. If you are willing to go at it one note at a time then there are ways to buy a partial or buy a full and sell a partial to recapitalize - keeping payments on the back-end for future revenue. I personally like the smaller deals (under 50k) and find there is more room for creativity and profit. The larger deals I'm happy to refer to an institutional investor for a fee or keep some payments on the back-end. A private investor can also tap into IRA and retirement funds to buy notes using a Self-Directed Custodian.