New NBP Members Content and Forum
Hi NBP Member! I would like to take this opportunity to thank you for being a NBP Member in good standing! We are pleased to offer you a new tool to utilize for note investment information and networking. I would like to direct you to [...]
You going to the Note Summit, Sept. 17-20?
Hi everyone, The Note Summit is almost here–have you registered yet? Get tickets at NoteSummit.com. This time around, the big focus will be on note funds and collective buying. Over and over, I see most of the big money being made by people who grow [...]
How to Raise Money
At some point, most note buyers decide that they want to raise outside money to finance their note purchases. When that day comes, and you’re sitting across the desk from an investor, you need to be prepared. Watch the video below as I walk you through the key principles of raising money [...]
Pricing Notes: START HERE
This is where you get started. I know it’s counter intuitive that your first two classes are actually on how to “price” or value a note, rather than talking to a bank to actually GET a note, but trust me, this is where you actually want to start.
Don’t jump ahead and immediately get on the [...]
Your First Class: On Value
by admin
When you’re buying non-performing bank notes, where the borrower isn’t making their mortgage payments, your primary concern as an investor is “What’s the property worth that I may end up owning if I have to take the note through foreclosure?” Class 1 Goal: Learn to use at least 3 desktop-based property valuation tools, and [...]
Your Second Class: On Title, Situation & Strategy
Once you’ve determined property value, you’ll want to now take a look at what I consider the 3 secondary concerns: “What is on title, what is the borrower’s situation, and then what is my potential exit strategy for this note?”
Class 2 Goal: Find out which vendors you can use to help you research title work, and gain [...]
Finding Notes: START HERE
This is where it all comes together.
You’ve learned HOW to price a note, HOW to negotiate, and WHAT your exit strategies are. Now it’s time to go and find yourself some notes!
One of the easiest ways in today’s market is actually to make use of what I call the “Big Gorilla”. They may not be [...]
Exiting Deals and Profiting: START HERE
Whether you’ve bought 1 note or 100, you usually have the exact same feeling after every note that you buy: there’s that moment of elation that you actually WON A BID!
And then … there’s the terror of having WON A BID!
Why?
Because you suddenly think: “Does everybody else know something that I don’t?! Maybe this is [...]
Negotiating with Banks: START HERE
Now Let’s Get Started…
You’ve received your first lead on a note – or you’ve opened up your first “Data Tape” and you’re now ready to negotiate with the bank and to close on the deal.
In THIS section, you’ll learn the Art and the Science of negotiating discounted bank notes, as well as the In’s and [...]
Your Fifth Class: On Exit Strategies
This is it – the place where you learn each of the ways to get OUT OF your Notes. Understanding each of the exit strategies covered in this section is crucial – because you never know which of the 5 can make you most money, or will work, until you actually buy the note, in [...]