All Forum Posts by: Reggie Smith

Any recommendations on education for note investing? I'm really looking to create seller financed notes. I have a few courses on my radar, curious to see if recommendations align with what I have on my radar,thanks

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@Pat L. Thanks for sharing,always good to hear and learn from others experience

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Quote from @Ivan Terrero:

Quote from @Reggie Smith:

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Thats Great!!@Ivan Terrero

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Quote from @Ivan Terrero:

@Reggie Smith

My first note generated a yield of 14% Per year for 3 years.....have not looked back

Ivan thanks for the reply....did you purchase the note, or was it a seller financed note that you created? What state?

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Quote from @Chris Seveney:

@Reggie Smith

Google nmls that is where all state licensing requirements are

Chris thanks...checking out NMLS reading over things

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Quote from @Chris Seveney:

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Thanks...good to know,I was not aware Georgia required a lenders license. I'm going to do a google search now but wondering if there Is a website to check which states require lender license?

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Quote from @Chris Seveney:

Quote from @Reggie Smith:

Curious to know other's experience on first note purchase/or seller financed created note. What went right? What went wrong? Is there anything you would do differently? After going thru the experience of creating or purchasing your first note what's one piece of advice you would give yourself if just starting out?

Chris thanks...I have been leaning towards purchasing property at discount and selling with seller financing,create the notes myself. Is there a rule of thumb/price scale for fees associated with collateral review companies...or attorney that we would use for collateral review? I may purchase a small note on the secondary market to familiarize myself with things....but ultimately I will probably source off market properties buy at discount and sell via seller financing, as opposed to fix and flips. Had a property a few months back...got it for 30k in the Atlanta metro, even though it needed a fair amount of work it would have been better to seller finance as exit strategy. I'm learning.

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@Kevin Crowell

Kevin thanks! What's a question that you didn't ask that you wished you would have asked?

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@Jay Hinrichs Thanks...I think for me to have the flexibility to sell the notes that I create should I wish to do so is important ,as some I will hold and others I will sell at some point. Thanks again.

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All Forum Posts by: Reggie Smith

Reggie Smith has started 11 posts and replied 66 times.

Post: Note Education Recommendations

Post: Note Education Recommendations

Post: Your First Note, The Good The Bad The Ugly?

Post: Your First Note, The Good The Bad The Ugly?

Post: Your First Note, The Good The Bad The Ugly?

Post: Your First Note, The Good The Bad The Ugly?

Post: Your First Note, The Good The Bad The Ugly?

Post: Your First Note, The Good The Bad The Ugly?

Post: Your First Note, The Good The Bad The Ugly?

Post: Your First Note, The Good The Bad The Ugly?