There is an art to mortgage note investing that is different from any other area of investing. Most people get their introduction to notes through real estate. Yet, even if you have 100 rental units or flipped 200 houses or completed 500 wholesale deals, the note investing industry is so much different. It starts with the mindset of being more than just an investor, but a lender.
As a note investor, you become the bank and you need to know how to operate in that manner.
We offer two types of courses (online self-paced and online live) that will lead you through the art of note investing. You will learn and understand how to source, evaluate and acquire your first note.
– What is a note & note investing?
– Types of notes
– Lien position
– Performing vs non-performing
– Examining the collateral file
– Truth in Lending
– Time value of money
– Judicial/Non-Judicial foreclosure
– Performing due diligence
– Evaluating notes
– Exit strategies
– Working out a non-performing note
– Budget sheets
– Taxes and liens
– Making offers
– Building a team
– Homework: Hands-on tape scrubbing and due diligence.
You will also be provided with multiple resources: three budget sheets, due diligence and tape scrubbing checklists, realtor and tax scripts and a workbook with all the information you need to get started.