BiggerPockets

I know Dean and I am sure his course offers some insightful information regarding buying real estate notes. The key is finding quality notes that are held by folks that are motivated to sell because they need cash. Are you looking to buy for your own account to hold and collect payments for the long term?

Hi,

I have the course that I bought last year (November 2008) and since that time I have made quite a few contacts and purchased a few pools of notes using the information from the course. The price was right too! Definitely worth every penny in my book.

Kevin

Sounds interesting, how does it compare to the other note buying courses out there - I have taken a look at some and they feel they are not worth the money.

Is anyone interested in selling it at discount?

Thanks
D

Jen Mac - very astute!

Is this the same guy that works at or owns Park Tree Investments? If so, I have spoken to him on the phone a few times and was quite impressed.

I am linked to him on LinkedIn so I do remember talking to him. He kept trying to position me as a note finder for him, which was quite stupid. If I found any of the type of notes he was seeking I would have bought them myself.

He did seem like he knew his stuff pretty well as I recall, but I can't vouch for any of his courses or anything.

Originally posted by Bryan Hancock

I am linked to him on LinkedIn so I do remember talking to him. He kept trying to position me as a note finder for him, which was quite stupid. If I found any of the type of notes he was seeking I would have bought them myself.

He did seem like he knew his stuff pretty well as I recall, but I can't vouch for any of his courses or anything.

I noticed that is what most of the gurus are trying to do - sell you a course and have you bring them deals. In your case you didn't pay but he is tried to recruit you.

I met Dean Back in 09' in San Fran I know the guy personally he is the real deal when it come to NPN's he has taught me a lot. I stop doing NPN because of the super long daisy chains. You have to find the Direct Seller and don't deal with Brokers His course it worth the money and his seminars are even better. He is a Real Down to earth guy and always ready and welling to help.

I posted before I finished, but I was just going to add that I learned quite a lot from Dean and everyone else who was involved with his program as a coach or student in his program. You can always learn something from those that you meet. I always look to add to my education and share my knowledge with others. Investing in notes is a great business since you don't have to worry about tenants, toilets or turnover until you take back some REO properties LOL. But you can also loose some or all of your money if you do not perform your due diligence and watch your investment closely.

Happy investing.

Originally posted by Jon Holdman

Kevin Cordell, I'll repeat my same question from when you posted in this thread two years ago:

Kevin, could you provide some details of the deals you've actually done using the information in this course? How do the course material help you?

With two additional years under your belt perhaps you can tell us about some of the deals you done and, specifically, how this course helped you do those deals.

Sure Jon,

I had previously learned from another investor on how to work with borrowers on distressed notes and work out payment plans, pay offs or help them get refinanced. What I learned from Dean was how to find notes and perform the due diligence, what I didn't learn from the other investor. I learned about the free tools - Zillow, Trulia, Bing Maps, Netronline - how to check title, get BPOs, where to look for bank contacts and sources, how to evaluate the property and develop a bid based upon my initial selected exit and to view REAL deals in progress and watch the results, good or bad. I received more out of the relationships formed, people whom I met at the note summits, on the calls and sharing information on deals with Dean and receiving some valuable tips and advice.

Finding Dean's program helped to add to my growing knowledge and education in the note business. I've used the information on several deals that I have done since that time. Previously I had learned about junior mortgages, but Dean's course focused on first mortgages, which I did not have any experience and are a different animal than seconds or junior liens.

what kind of details are you looking for? How much I paid for notes? I learned how to calculate my yield on loans that I cashed out as an annualized return vs how much I made in dollars or percentage over what I paid. that is valuable information if you plan to raise capital for a note business. How fast and the return. I've lost money on deals that I took a gamble - Detroit homes with more taxes owed than the value of the property, and I've made money.

What else can I tell you? I'm happy to share information.