Investor · Kalamazoo, MI · Member since 2009 · 1k+ posts · 495 votes
17y
I know Dean and I am sure his course offers some insightful information regarding buying real estate notes. The key is finding quality notes that are held by folks that are motivated to sell because they need cash. Are you looking to buy for your own account to hold and collect payments for the long term?
Real Estate Investor · Sandy Springs, GA · Member since 2008 · 4 posts · 0 votes
17y
Dolores,
I have the course. It shows you from beginning to end on buying/flipping/managing defaulted mortgage loans from banks. The quality and the tons of info in his course is worth far more than what he charges---and you can quote me on it!!!
Investor · Succasunna, NJ · Member since 2008 · 19 posts · 1 vote
17y
Hi,
I have the course that I bought last year (November 2008) and since that time I have made quite a few contacts and purchased a few pools of notes using the information from the course. The price was right too! Definitely worth every penny in my book.
Medford, MA · Member since 2008 · 122 posts · 23 votes
17y
Sounds interesting, how does it compare to the other note buying courses out there - I have taken a look at some and they feel they are not worth the money.
If you have a little understanding of how notes work these courses are useless. To be successful you need two things. A source of good quality notes and a market to sell them to. You get both by personal networking. My best source for notes is closing attorneys and title companies. My best market to sell them are through attorneys doing business and estate planning.
Real Estate Investor · Las Vegas, NV · Member since 2008 · 127 posts · 10 votes
15y
Does anyone know what happened to Dean Engle course? every thing he was doing seems to end around 6/2009 or so and no more blogs or his site are updated
Real Estate Investor · Las Vegas, NV · Member since 2008 · 127 posts · 10 votes
15y
Yes Brian, he is the same guy that owns park tree investments. he has some courses about note buying on line and some blogs but he suddenly fell of the sky, no more selling courses, no more selling notes through park investments and simply no more blogs. every thing on line goes back to June or august of 2009. I even sent an email to his firm and no response.
Investor · Round Rock, TX · Member since 2010 · 8k+ posts · 4k+ votes
15y
I am linked to him on LinkedIn so I do remember talking to him. He kept trying to position me as a note finder for him, which was quite stupid. If I found any of the type of notes he was seeking I would have bought them myself.
He did seem like he knew his stuff pretty well as I recall, but I can't vouch for any of his courses or anything.
Real Estate Investor · Las Vegas, NV · Member since 2008 · 127 posts · 10 votes
15y
Thank yous o much again Bryan. I have been trying to get as much education as possible buying notes and selling them. seems like the biggest problems with sellers(lenders) on commercial property comes done to the real FMV on a commercial property. I had a retail deal and bank had an appraisal of $10,420,000, looking at P&L from 6 months earlier on the subject the NOI was $300k, looking at rent roll of a month in August the income was $105k with 35% vacancy, asked the asset manager how did the come up with $10,420,000 and he said based on that month rent whats renting in the market not considering this is a stressed property and wanting around 80% off that amount which did not even make sense what so ever.
Real Estate Investor · Baltimore, MD · Member since 2008 · 1k+ posts · 268 votes
15y
Originally posted by Bryan Hancock:
I am linked to him on LinkedIn so I do remember talking to him. He kept trying to position me as a note finder for him, which was quite stupid. If I found any of the type of notes he was seeking I would have bought them myself.
He did seem like he knew his stuff pretty well as I recall, but I can't vouch for any of his courses or anything.
I noticed that is what most of the gurus are trying to do - sell you a course and have you bring them deals. In your case you didn't pay but he is tried to recruit you.
Investor · Round Rock, TX · Member since 2010 · 8k+ posts · 4k+ votes
15y
Yeah...you have to be careful with your reputation. You never know when the guy on the other end of the phone may grow up to be a big investor you need to deal with one day. I always try to treat people I meet with respect even if they are just getting started. Many people that were newbs a few years back are now pulling down some serious cash in Austin.
Wholesaler · Scottsdale, AZ · Member since 2011 · 73 posts · 17 votes
15y
I met Dean Back in 09' in San Fran I know the guy personally he is the real deal when it come to NPN's he has taught me a lot. I stop doing NPN because of the super long daisy chains. You have to find the Direct Seller and don't deal with Brokers His course it worth the money and his seminars are even better. He is a Real Down to earth guy and always ready and welling to help.
Investor · Succasunna, NJ · Member since 2008 · 19 posts · 1 vote
14y
I've met Dean several times, attended his Note Summits, bought notes from him and was coaching for him in his online program back in 2010 and 2011. He is the real deal and his course helped me fill in some gaps in my own education, knowledge and experience in working defaulted bank notes.
Investor · Succasunna, NJ · Member since 2008 · 19 posts · 1 vote
14y
I posted before I finished, but I was just going to add that I learned quite a lot from Dean and everyone else who was involved with his program as a coach or student in his program. You can always learn something from those that you meet. I always look to add to my education and share my knowledge with others. Investing in notes is a great business since you don't have to worry about tenants, toilets or turnover until you take back some REO properties LOL. But you can also loose some or all of your money if you do not perform your due diligence and watch your investment closely.
Rental Property Investor · Mercer Island, WA · Member since 2008 · 22k+ posts · 14k+ votes
14y
Kevin Cordell, I'll repeat my same question from when you posted in this thread two years ago:
With two additional years under your belt perhaps you can tell us about some of the deals you done and, specifically, how this course helped you do those deals.
Investor · Succasunna, NJ · Member since 2008 · 19 posts · 1 vote
14y
Originally posted by Jon Holdman:
Kevin Cordell, I'll repeat my same question from when you posted in this thread two years ago:
With two additional years under your belt perhaps you can tell us about some of the deals you done and, specifically, how this course helped you do those deals.
Sure Jon,
I had previously learned from another investor on how to work with borrowers on distressed notes and work out payment plans, pay offs or help them get refinanced. What I learned from Dean was how to find notes and perform the due diligence, what I didn't learn from the other investor. I learned about the free tools - Zillow, Trulia, Bing Maps, Netronline - how to check title, get BPOs, where to look for bank contacts and sources, how to evaluate the property and develop a bid based upon my initial selected exit and to view REAL deals in progress and watch the results, good or bad. I received more out of the relationships formed, people whom I met at the note summits, on the calls and sharing information on deals with Dean and receiving some valuable tips and advice.
Finding Dean's program helped to add to my growing knowledge and education in the note business. I've used the information on several deals that I have done since that time. Previously I had learned about junior mortgages, but Dean's course focused on first mortgages, which I did not have any experience and are a different animal than seconds or junior liens.
what kind of details are you looking for? How much I paid for notes? I learned how to calculate my yield on loans that I cashed out as an annualized return vs how much I made in dollars or percentage over what I paid. that is valuable information if you plan to raise capital for a note business. How fast and the return. I've lost money on deals that I took a gamble - Detroit homes with more taxes owed than the value of the property, and I've made money.
What else can I tell you? I'm happy to share information.
Residential Real Estate Broker · CA · Member since 2008 · 11 posts · 2 votes
14y
As a newbie in notes, wanna make profit from brokering first. who would you suggest that I should learn from, Donna bouer, or etc? what are other events, activities that I should get involved?
Investor · Succasunna, NJ · Member since 2008 · 19 posts · 1 vote
14y
Cheyenne,
You should attend the Noteworthy convention in Las Vegas this October where you'll have a chance to meet with quite a few people in the note and real estate business. There will be other investors like yourself as well as Donna Bauers, Eddie Speed and trainers and speakers.
http://www.noteworthyusa.com/convention/
I went last year and met a lot of folks and had the opportunity to listen to several of the speakers in person instead of on a webinar.
Real Estate Investor · Portland, OR · Member since 2010 · 104 posts · 30 votes
10y
Hi, Dean spoke at the Paper Source Note Symposium yesterday here in Las Vegas,NV. Excellent presentation. He's having a post symposium meet up at Tuscany Suites & Casino at Marilyn's Cafe at 7am tomorrow. See you in the morning.
Fort Collins, CO · Member since 2013 · 134 posts · 74 votes
10y
@Mitch Stanley Sorry that we did not meet up. I thought that Dean's talk was one of the most informative presentations of the conference. We blew out of town Saturday evening so were not able to meet up with him.