Rant of The Week - Ruining It For Others In Note Investing

[Chris Seveney]

TL/DR: If you are gonna run a business, run it properly and by the rules

Just wanted to share some thoughts in note investing. As many know, there is a guru (who has over $1M in judgments against them from investors) that teaches people to "find, fund and flip" notes. They course is all about marketing and how to raise $ from investors. My rant is specific to the marketing where the investor posted an ad on facebook which was in clear violation of SEC regulations and the Howey Test. After several people notify the investor, what do you think they do? Basically tell us to go eff ourselves and continue to post it in other groups

While you may think "big deal why does this concern me?", it is like anything, a few bad apples spoil the batch. States are continuously getting more stringent in regards to licensing and for main street investors it is also getting tougher to buy assets from larger funds due to the nightmare stories from their dealings with unethical investors. This is not only in note investing, but all aspects of real estate but it is rampant in note investing, especially due to the lack of ethics by most of the "gurus" in the space.