Posted by John Behle on April 10, 2000 at 13:48:45:
It’s fine to start brokering and even to continue brokering the notes that you can’t buy or don’t want. The same goes for all kinds of cash flows. There’s no reason to turn down a good note or cash flow that you could make a commission on.
As far as training - be VERY careful about the outfits out there soliciting people. They range from the totally fraudulent and worthless to in-adequate. You may want to post who the specific group is you are talking about and get some feedback. At least one is being heavily investigated and may be shut down soon. Some of the others try to be legitimate, but bottom line is it just isn’t enough information and the main focus is to make you dependant on the “brokers” and funding sources that they have giving the presentations. There are much better and cheaper ways to go. Consider any “paper” education courses or seminars offered by Terry Vaughan, Lonnie Scruggs, Peter Fortuanto, Jimmy Napier, Hank Harenberg, Jon Richards, Russ Dalbey, Bill Mencarow, or myself.
As far as funding, buying, brokering notes, etc. There are many free articles and archived posts over at my website (www.papergame.com) under the heading “Paper Posts”. Reality is there is more free information here and there than you would pay thosands for in most other programs.