How do I start off with investing in notes.

[Duy Luu]

Hello everyone!

I am interested in investing in re-performing 2nd mortgage notes. I have been following some of Dave Van Horn's posts and interviews along with checking out his company website (PPR). After going through some of the courses that his company offers, I have decided that I would like to take the next step with this method of investing. My questions are: How do I get started? Do I need to form a company to invest in these notes? Can anyone invest in these notes or do you have to be an accredited investor? Thanks!

[Dion DePaoli]

There is no requirement to open a holding company and place the assets into it. A holding company does provide liability protection but in the post it is not clear how you would capitalize the trade. Capital sources will have some affinity on the funding and holding structure of the investment. This type of advice should be sought from your accountant.

Can anyone invest in the loans? That depends. Some states require the investor to hold a state approved license, other states do not. The Seller of the asset may place restrictions on the designation of the Buyer. Some Sellers will look for accredited investors, others will not. The Seller may have some liability selling to a non-accredited investor depending on the details of the deal.

If you like Dave's program, which many folks do, simply reach out to his company and start the process. Good luck and welcome to whole loan mortgage investing.