Buying Notes – The Art of Bidding

On Buying Notes: check out this 4-min Note Buying Video that I prepared for you

I wanted to share with you a specific example of someone…

* * Buying Notes- The Process of Bidding as an Art * *

You see, if relationships didn’t count for anything, and if the principle of High-Bid-Wins always applied in every single real estate note transaction, I wouldn’t have worried about my friend on his way to bid this commercial loan pool on DebtX (an online bidding platform for bank notes).But because a high bid does NOT always win when you’re buying notes, then I do worry about my friend bidding on that DebtX note pool.

======> Why?

Because if he’s not talking to the Seller of the notes, and doesn’t know the Seller (or the rep at DebtX that manages his account), then he’s not dealing with a full deck – he’s not playing all his cards right.

======> Why does this matter to you?

Because you may be the equivalent of my friend bidding that non performing note pool.

And if you ever are in that situation, you’re going to want to:

* * When Buying Notes, Engage Your Seller* *

This will improve your chances of winning the bid.

Winning bids in any market, but especially in this market, is not just tied to the price that you’re willing to pay for a note or a pool of notes.It’s tied to your ability to demonstrate that you’re a trustworthy and credible counter-party (fancy name for a note buyer), who can deliver when and how you say you will.

As former GMAC traders Matt Kennedy and Mike Mand pointed out in a recent discussion I had with them in our Private Access Club:

* *Buying Notes -Highest Bid, Not Always the Winner* *

And their “BEST” relationship was actually a note broker who ended up calling them almost once a day with information and news about other trades and deals that were happening in the note buying industry.

No matter if you’re bidding on a single note or on a pool of notes, take the time to develop and build a relationship, and you will see your success rate improve.

Guaranteed.

If you haven’t already, check out 4-minute video that I prepared for you at the top of this post.

Talk to you soon,

Dean

P.S. If you enjoyed this info, check out my 16 hour course. We have a special right now where you can try the whole course for 30 days for exactly $1.