Should you use a virtual assistant to find notes?

Should you use a virtual assistant to find notes?

This is a question I hear a lot from people just getting started in the note business. It makes sense, too, because you want to make sure you’re spending your time on things that matter for your business, like learning how to close deals. But, this question...
Do I need to setup an LLC for my note business?

Do I need to setup an LLC for my note business?

I always recommend doing business under the auspices of an LLC. However, if you’re just starting out and don’t have the funds to setup an LLC right away, I suggest closing a deal in your own name and use that profit to file your articles of organization....
How do I find buyers if I don’t have time to network in-person?

How do I find buyers if I don’t have time to network in-person?

If you’re new to the note business, I suggest either using my pool of investors if you’re my student or selling them to an institution. I wouldn’t use private investors for your first couple deals unless that investor is an experienced note buyer, in...
What happens if a borrower defaults?

What happens if a borrower defaults?

When you’re in the middle of a note deal, what will you do if the borrower defaults? How do you get the deed in lieu? How do you protect yourself? I answer these questions in this short video clip. You want to act quickly to contact the homeowner and start...
How Do I Find Note Holders?

How Do I Find Note Holders?

The best way to find note holders is to simply buy a list. Don’t underestimate the power of direct mail as you’re starting up your note business. I had a response from one of the first dozen mail pieces I ever sent in my career, and I ended up making an...

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