Mortgage Note Investing - who can give me some advice

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Mortgage Note Investing - who can give me some advice

Shellond Chester

New Orleans, LA · Member since 2018 · 1 post · 1 vote

I am considering Investing in Mortgage Notes. I’m looking for some advice.

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Jason Dellaposta

Specialist · Montreal, Quebec · Member since 2017 · 19 posts · 6 votes

@Shellond Chester I love mortgage note investing it’s a steep learning curve but very profitable! I moved from traditional real estate and never looked back, no more leaky toilets, or undesirable tenants...

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Rick Momsen
Rental Property Investor · Scottsdale, AZ · Member since 2017 · 58 posts · 15 votes
8y
The note investing book on Bigger Pockets it's great, just finished reading it and that should answer most of your questions.
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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
8y
well I think you have to decide what niche in the note business you want to be in.
1. invest in a fund and let them do the heavy lifting. very passive
2. NPN and you do the heavy lifting and the risks involved with defaulted paper. NOT passive
3. short term lending with local HML ers.. Passive done right
4. Performing notes of a mid range term passive done right.
some require you to be accredited and some do not...
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Bill Griesmer
Investor · Hilliard, OH · Member since 2015 · 19 posts · 14 votes
8y
Hi Shellond, Jay give some good options above. To expand, I would recommend starting by giving some serious thought to your goals and situation. Otherwise you will spin your wheels. How much time do you have to do note investing? Are you after active or passive income? Do you need to make money right away or can you possibly wait a while? Do you have money to invest or do you have to raise money? Do you know how to run a business? Answering these questions is important as it will help you make decisions. For example, if you want simple basic cash flow, buying a performing note may be a good place to start. Another example: If you need to make money from notes immediately, you may not want a non-performing note as it can potentially take some time before you make money if you have to foreclose. There is a lot to learn about notes. Start by assessing your goals and situation and then branch out from there. Let me know if you have other questions and Good luck!
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Jason Dellaposta
Specialist · Montreal, Quebec · Member since 2017 · 19 posts · 6 votes
8y
@Shellond Chester I love mortgage note investing it’s a steep learning curve but very profitable! I moved from traditional real estate and never looked back, no more leaky toilets, or undesirable tenants...
3 Reply
Shea Davidson
Member since 2018 · 10 posts · 3 votes
8y
@Jason Dellaposta Can you recommend a full service mortgage notr broker for someone who has never done this before? Im considerIng mortgage note investing but want to find reputable company to work with that can help walk through the process. Thanks.
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Kevin Mathew Galang
Tampa, FL · Member since 2017 · 23 posts · 11 votes
8y
@Jason Dellaposta What are your favorite books, blogs and podcasts to help with the learning curve? I've read Scott Carson's book and Dave Van Horn's book. Both of which are good. KMG
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Jason Dellaposta
Specialist · Montreal, Quebec · Member since 2017 · 19 posts · 6 votes
8y
@Kevin Mathew Galang well I got @Scott Carson course as well as Donna Bauer and that helped me a lot. As for books Turning Distress Into Success by Fuquan Bilal & Private Mortgage Investing (Revised 2nd Edition) by Martha Maeda, Teri B. Clark. Hope that helps!
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Kevin Mathew Galang
Tampa, FL · Member since 2017 · 23 posts · 11 votes
8y
@Jason Dellaposta Thanks a lot! This helps a bunch!
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Joe Tomko
Specialist · Easton, PA · Member since 2018 · 137 posts · 48 votes
8y
There is a lot of free information available through youtube and elsewhere. I trained under Scott Carson and found him to be very knowledgable and helpful. He also has free videos and podcasts.
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