All Forum Posts by: George Dean

Christopher Winkler I have yet to ever study a business or investment opportunity where the existing business owners/investors didn't think the same thing. They all think/believe things are getting harder bc new folks are being trained by gurus by the thousands. However, I think Scott Carson has about 600 people a month going through his Notes for Dummy program (from what I can glean from his webinar recordings). Experience says, Most will never implement.

I pressed send too quickly. I meant to add more to subject line. Not good editing capabilities on BP.

I thought this needed its own post: Don said in a post...: thanks Don for your expert input on BP. "The notes secured by owner occupied property have many strings attached, laws, regulations, etc. most far reaching with severe penalties for non compliance.  Unless you are willing to become an expert on Dodd Frank, the Consumer Finance Protection Bureau, state homestead laws, state foreclosure laws relating to consumer loans and Federal Bankruptcy homestead protection," Aren't there companies/professionals you can outsource the compliance issues? Mortgage services. Mortgage originators. Etc "I would suggest investing only in notes secured by commercial or investment real estate.  The yields are higher, the regulation is significantly less, the judicial system is kinder to the lender,  and the deal is less emotional. " I'm guess you lose the emotional equity in commercial deals. What percentage of NPN are commercial?? Any more advice on commercial notes?? Thanks George.

Don, Can't one hire professionals to handle all The regulation & compliance issues? Using mortgage services, mortgage originates to do the rework paperwork, .... From my novice understanding, there are companies you can hire who will even do the re-work for you. Please advise. George

As a new investor, even more of a reason to have the right mentors. Both Jay & Bob have been amazing answering questions for me. 

Thanks for continually posting and educating!

I am found John Fedro to be the mentor to seek out. Active MH investor and top notch 'real world' training. Look him up on here and through his website. You will not be disappointed.

@richard allen

Thank you for your contributions...

I read this post you made, "With regards to Eddie Speed, if you can afford the course, do it. I was investing in notes for about 18 months prior to becoming a mentor student and doing so has changed my business. I made back what I spent in the first 60 days."

How did you START investing in notes BEFORE you met Eddie??

Thank you for your time.

George Dean

PS... is PaperStac about to come out of Beta??

Bill, Sounds like an extensive checklist is valuable. :-) George

Every business has its own unique set of headaches and opportunities. The opportunities look exciting… What about the flipside of the coin?? When it comes to purchasing discounted mortgages as a business model, what headaches or difficulties or nitty-gritty annoyances have you discovered in the note business?? What the 'grind' in the business? George

Thanks!

George