What are the best websites for investing in Notes?

What are the best websites for investing in Notes?

Residential Real Estate Broker · Aurora, IL · Member since 2017 · 96 posts · 45 votes

Looking to research investing in real estate Notes and setting up a private fund. What are the best websites to research this information and to invest?

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Philadelphia, PA · Member since 2017 · 13 posts · 21 votes
7y

Hi Sean,

Great to hear about your dive into notes! The first few places I have in mind for education are:

  • This BP Forum
  • Scott Carson - WeCloseNotes (YouTube, Vimeo, Podcast)
  • Other podcasts (Good Deeds Note Investing, Note Inc, Note MBA, etc.)
  • Educators like Eddie Speed, Martin Saenz, Scott Carson
  • Dion DePaoli has incredibly useful, long form posts and responses here on BP

There are loads more but these alone would take you a long way with regards to education.

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  • Philadelphia, PA · Member since 2017 · 13 posts · 21 votes
    7y

    Hi Sean,

    Great to hear about your dive into notes! The first few places I have in mind for education are:

    • This BP Forum
    • Scott Carson - WeCloseNotes (YouTube, Vimeo, Podcast)
    • Other podcasts (Good Deeds Note Investing, Note Inc, Note MBA, etc.)
    • Educators like Eddie Speed, Martin Saenz, Scott Carson
    • Dion DePaoli has incredibly useful, long form posts and responses here on BP

    There are loads more but these alone would take you a long way with regards to education.

  • Investor · Boca Raton, FL · Member since 2012 · 1k+ posts · 1k+ votes
    7y
    Originally posted by @Sean Morrisey:

    Looking to research investing in real estate Notes and setting up a private fund. What are the best websites to research this information and to invest?

    As mentioned above,  get some good education and/or partner up with someone else who already has the experience and connections when you first start off.  The best way to source notes is to network with banks and hedge funds.  However, here are some of the online exchanges you can buy from:

    • Paperstac
    • LoanMLS
    • ExchangeLoans
    •  AmeriNote Xchange
    • Investors MLS
    • NotesDirect
    • NoteTraderExchange
    • WaterMark Exchange
  • Don KonipolBusiness Member
    Investor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votes
    7y

    @Chad Urbshott

    Do any of the note exchanges you listed deal in commercial notes, or are they trading residential notes only?

    Private Mortgage Financing Partners, LLC
  • Investor · Boca Raton, FL · Member since 2012 · 1k+ posts · 1k+ votes
    7y
    Originally posted by @Don Konipol:

    @Chad Urbshott

    Do any of the note exchanges you listed deal in commercial notes, or are they trading residential notes only?

     To be honest, I never go on all of them, except for a couple to sell our own inventory so not entirely sure.  

  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    7y

    @Sean Morrisey - I would recommend against starting a fund right out of the gate. The cost to put one together is not cheap (10-20k) and if you do not have a deep and extensive background in notes raising the capital will be more difficult to do. In my discussions with people who have been in this business a while they recommend doing $1M in deals before starting a fund. 

    @Jordan Blackwell - Thanks for the shout out

    Along with what is noted above, there is a DMV Note Closers Group which did a presentation on this which included a lot of the names chad noted above along with a few others.

    7e investments53 Reviews
  • Specialist · Fort Worth, TX · Member since 2014 · 528 posts · 226 votes
    7y

    @Freddie Smith

    In what capacity/role are you playing in the transaction?

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