How can I get started in Notes (without buying the seminar)?

[Steve B.]

Yesterday I attended a local REIA meeting which had a length presentation about why we all need to get into notes. And it came as no surprise that there was also a length pitch about the note training session coming up for only $2k.

The concept of note buying was good and the presentation was informative and entertaining, as I have come to expect from any seminar pitch that I hear.   But do I really have to spend this money to find out what to do next?   Is there a book, or any other resource that you could recommend to me instead?   It sounds like lots of people have already taken this course or something similar.   Is that the way to go?

[Steve Hodgdon]

This is a great forum to read and find real players. Barrier to entry is very low, so easy to prey on the ill informed.

I'm new to notes too, but have a couple of decades in unsecured paper. Used to own collection agencies so this makes sense to me.

LOTS of sharks in the water. Everybody is selling something.

I read all the books I could find. Am going to Note Summit in San Diego this week and another convention in Vegas in April. I like the NoteMBA podcast. I like NNG and PPR too. Paper Source University has a free download package. Gets you the old school view.

I bought the PPR course. It was informative, but not a lot more than available elsewhere.

I bought one note from a local broker and am just getting into it. Early indication is I paid too much. But, I always have buyer's remorse.

I think I'm going to JV some deals and learn that way.

I'll be posting on the South Carolina note I just bought as it progresses. So, maybe follow me.

Good luck!

steve