All Forum Posts by: Linda Hastings

A lot of times when you hear note investors talk about deals they have done, they talk about conversations with borrowers in the first person. For example, "I reached out to the borrower. They wanted to stay in their house, but their circumstances were X Y Z, so I was able to work out this or that to modify their loan payments, etc". 

This got me wondering if most note investors actually contact the borrowers themselves or if they are really using a servicing company to contact the borrowers,  but find it easier to talk about the results in the first person rather than "My servicer talked to the borrower and then told me and then I told them to offer the borrower..."

So, for all the NPN investors out there, I'm curious:

1. Do you do borrower outreach yourself or go through a servicing company?

2. If you do it yourself, what safe guards do you put in place to make sure you aren't violating any debt collection laws? Do you record the conversations?

Thanks for the list @Jay Raught!

@Mindy Jensen Perhaps you could sticky this thread? Seems like a great first resource for people looking to get into notes.

Thanks for the welcome @Kevin Hunter!

Thanks @Jay Raught! 

Thanks for reaching out, @Jay Raught.  I'm just starting to climb the education curve on notes, but am really excited about it. As an experienced note investor, is there anything in particular you wish you would have known when you started out?

Thanks for the welcome, @Brett Snodgrass and @Michael Lee!

@Emily Powell Yup, you can import a chart of accounts, item lists, memorized transactions, etc. Many of the tutorial books I've come across offer these types of file along with the book, which would be really helpful to avoid re-inventing the wheel. However, it seems most of them are for PC. 

I've been using QB for awhile now and creating things manually, like you. I was just curious if you had run across something that could be imported on a Mac. Oh, well. 

Hello, BP! I'm not really a new member, per-say, but do have a new account. Previously my husband and I were sharing an account that was tied to his name, but since I was doing most of the posting, I figured it was time to create my own account.

We are buy and hold investors in the San Antonio / Seguin, Texas area. We've done some out-of-state turnkey deals, but have started focusing more on acquiring deals in our local market so we can have more control over the process. I'm also interested in note investing and am currently educating myself in that area.

@Emily Powell I was looking for a template file that could be imported. I thought those were platform-specific (ie. a template exported from QuickBooks for PC can't be imported into QuickBooks running on a Mac). Perhaps I am wrong on this though.

 Did you ever find a sample chart of accounts for QB for Mac? I've had the same problem finding a tutorial book that includes a Mac version.