American Note Warehouse

[Suzie Remilien]

Has anyone bought performing notes from JW Warr's American Note Warehouse web site? Please share your opinions. 

[Dion DePaoli]

I spoke with him a couple years ago and walked away understanding that he indeed is engaging in securities trades.

There is lesson here for note newbies - these partials you attempt to play with can be viewed as securities.  That is why I always have and always will tell note investors to stay away from partials.  They are more  of a security than a loan.  

Partials separate the debt from the secured interest in real property.  That my friends is by definition an non-exempt security.  It is pretty black and white.