Short intro, My name is Jerome and I'm a young new Notefinder without much experience. However, I have alot of knowledge of the Cashflow business/industry and I have closed 4 deals in this business which I believe balances out my lack of experience.
Now, I have seen and been through alot of ads, telephone calls, and emails that calls for their note to be sold, but once I say who I'am and what I do. I get told that they do not work with brokers and our business ends there.
Here's what I say, and this is what I''am, to people wanting to liquidate or sell their notes.
" I'am not a broker, I'am a Private Party CashFlow Specialist who focuses on monthly payments secured by real estate.So I work with people like yourself who are receiving payments on a mortgage and match them up with investors interested in purchasing them."
Note Finders and Brokers do share a familiar job description, but the key things that separate those two descriptions are that a Note Finder/CashFlow Specialist represents only himself and not his buyers, working independently not acting as agents, consultants, or assisting the structuring notes of any kind to our note buyers. Our job is to only act as matchmaker between noteholder and note buyer.
However, most disregard that defining detail and classify us as a broker. My first question is why do people dislike working with brokers anyway? Are their fees just too high?
Secondly , Am I the only NoteFinder here? Are there other NoteFinders, brokers and others that understand this matter and can give a comment? I do need help progressing in my chosen career path of working with notes until I can actually start investing in notes and properties myself.