All Forum Posts by: Account Closed

@Bob Malecki, thanks, I will check them out!

@Fred Moskowitz , thank you for taking time to provide feedback!

I have heard a lot of people talk about Podio for note CRM. Has anyone used Zoho?

When listing a property for sale it does not give you the option to not choose a rent amount. I think that's why you get a lot of $1 entries. I know I had to put that in my listing anyway...it's not for rent, it's for sale...

I enjoyed the expo, it was my first time going. I met a lot of folks that I have regularly connected with online in this and other forums and got to reconnect with a few of the folks that I have gone through note workshops with too!

There were a few good inspirational speakers, some that were sharing their stories of success and how we in the note space need to change with the times. There were a lot of vendors there, some known, some newer, sharing new technologies and systems. Got to speak to the owner of one of the companies and he shared some good insights and knowledge for newbies such as me.

I'm a little introverted at times (no one would ever know it though), so it was good for me to have to step out of my box and really network with others I didn't know. One of the speakers (I can't recall his name) said he was introverted as well and he was up there speaking and he had all of us introverts raise our hands so we could let him know that we knew how hard it was for him to be up there. lol

Lot of talk about the impending market change and how to diversify and change along with it. Overall, I enjoyed it and got value from it. I already bought my ticket for next year! :)

@TJ 

@TJ P., I am a member of the NAP Nation as it's called! I am also taking the coaching program. Yes, what @Andy Mirza described is correct. I met Jasmine and Natosha at a real estate expo in Baltimore MD back in April this year and decided to sign up for the (Note Lab) two day workshop and flew out to California where they are based.

They have provided an in depth training and focus on 1st position non-performing notes, CFD's, lease options and brokering a note. They do provide coaching program members access to monthly inventory tapes, however you are NOT obligated to purchase the notes from them. You start out with weekly phone/Zoom meetings and training on how to "scrape the tape", analyze assets, talk to realtors and county tax officials, got your questions answered, etc. The Note Lab itself is great if you are comfortable with taking in a lot of information, but we also went in depth on how to do due diligence, force placed insurance, reading the title reports, how to pull neighborhood data, etc. There was a lot more and it was very interactive and hands on. I am in no way affiliated with them other than I am a coaching member.

The good thing about it is, yes, you have a whole community of note investors, experienced and the new ones who come in to the workshops (some experienced members come to potentially partner with newbies in the area too). They have masterminds and other offshoot groups for more experienced members, but those are obviously held in Cali. But the other members have been very helpful and free with knowledge. They have a private members FB group as well to ask/answer questions.

They do have lower value assets all over the country and Jasmine has trusted sellers that she has built relationships with from her time in the financial industry. There are instances where she will allow us to broker a note too. Like Andy said, many frown on the coaches also providing the note, but again it's not mandatory for you to buy one from her. Only thing holding me back right now is my own capital and I fully intend to buy a note or two from her once my home sells. In the mean time, I have been sourcing other sellers and networking and continuing to educate myself on notes. They are always a phone call away and they ALWAYS answer or respond to emails.

I also took Martin Saenz' note workshop here in Virginia because he focuses on 2nd position notes. His workshop was great as well and he has a cohort (basically a coaching program) which I did not sign up for. His workshop went in depth on the due diligence, sourcing and other systems that are used for 2nd's. It was great because it reinforced what I learned in Jasmine's workshop, but just with the nuances and differences for 2nd's.

I have found that everyone you talk to in this space has an angle and something to sell (at least that  has been my experience). You just have to decide what's best for you. Best of luck to you on your note journey! Let me know if I can provide you with anything additional.

@Chris Seveney, Thanks, I agree. Not looking to hold on to it with that kind of risk.

@Kerry Baird, Okay. Yeah, I don't think I would want to do this method as I am trying to get a lump of capital to use on other purchases. Thank you though for that input!

So I currently have my property up for sale and another investor mentioned that I should carry back the mortgage to seller finance it. I'm a little confused because I thought you had to own the home outright to seller finance it? I have a 1st mortgage and HELOC on it. There will be capital gains if it sells at my asking price. Any clarity is greatly appreciated! Zee

Oh man, I had heard this about him as well when I mentioned to another reputable note investor that I was taking his Note Blueprint training online...

@Chris Seveney, I went searching when I got home and found it on meetup! Well, I will attend if there is one in the future.