
26 January 2019 | 10 replies
Here are my 21 tips for starting out:#1 – Learn From Others#2 – Plan to Market#3 – Know Your Type (Performing, Non Performing, Re performing, Investor Notes, Seller Financed, etc)#4 – First Refer A Deal#5 – Discover The Why Behind the Note Sale#6 – Get To ‘Know’ The Payer#7 – Verify Everything#8 – Embrace The Boring (Due Diligence Counts)#9 – Plan for The Worse#10 – Partials Are Your Friend#11 – Master The Time Value of Money#12 – Encourage Early Payoffs#13 – Originals Count (Get that original note and endorsements/allonges)#14 – Stay In Control#15 – Seek Professional Help#16 – Use Solid Servicing Procedures#17 – Understand When Laws Apply#18 – Get Self-Directed#19 – Spread The Risk#20 – Know When To Fold#21 – Be Creative If you PM me here on Bigger Pockets I can send you details on the individual tips.