Horse-feathers as my grandfather would say.Skimming over the aspects of finding a note, negotiating a price, getting agreements and assignments signed, calling the borrower and introducing yourself is not an education, it's an enlightenment to the process.Now, hopefully everyone knows why I seem so negative when someone that has no finance knowledge, very little real estate knowledge and a lack of business experience posts to say they want to get into the note business and begin next month after some crash course.If someone is a technician in some field or a business operator, perhaps an airline pilot or a computer engineer, there is no way I could step into their shoes in a month or probably a year and do what they do.

I'm always open to new techniques, so please enlighten me.

Hopefully their financials (bank statements, etc) will be enlightening, as will their credit report once I get their application fee in the mail...

Can someone enlighten me here?

Can Someone please enlighten me?

Originally posted by "i_like_money":There's a reason all those "ebooks" talk about land trusts...Well, enlighten us, then.

Of course, my interest has been heightened due to an opportunity that I am currently pursuing.

I look forward to reading your many posts that will only serve to educate, enlighten and aid other members on this site!

You're just enlightening me to some new angles I've never considered before.

Another option is simply to procure portfolio loans from banks with similar durations and heightened rates (relative to FNMA money) to finance projects that are not taken subject-to.