Bessemer, AL · Member since 2014 · 581 posts · 32 votes
I see other note investors are asking for life savings to pay for their courses on how to buy mortgage notes. I was wondering if Bigger Pockets might have books, courses, webinars, podcasts, or something that explains from A-Z how to purchase and profit from buying notes from the bank.
Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
7y
@Tony Marcelle
What do you consider a life savings? Most of the information can be found online through YouTube, BP, podcasts and several books. There are training courses out there that consolidate this training for a fee.
Note investing is more complex than traditional real estate investing due to more regulations and potential legal issues.
I recommending reading up and joining some local and online groups to learn more. Figure out what you want to invest in then find someone who will either mentor or take a training course.
This business also is not a business you can learn overnight and go start investing. It takes time and you will want to make sure you setup your business the correct way. Before doing this I would recommend also making sure this is what you want to do as to be a note investor is not passive and takes time, $ and an investment in proper systems. If you are only going to buy a few notes per year you are better to team up with a more experienced investor and let them manage the note with you to limit your overhead costs
Specialist · Dallas, TX · Member since 2014 · 900 posts · 392 votes
7y
If you work with any "guru" run background checks on them as they all have a shelf life and sadly they all eventually turn into this; https://www.biggerpockets.com/...