Posted by David Butler on January 12, 2001 at 12:58:27:
Hello Tactikon,
Actually, there has been quite a bit of discussion about several of the courses on notes and paper, especially over the past few days, right down below.
From 23 years in the business, I think nobody can go wrong investing $30 in William Broadbent’s OWNER WILL CARRY… probably the best starting point their is for the note business, OR, CREI. Also, hand in hand with that, would be John Richards’ CALCULATOR POWER.
Posted by tactikon on January 11, 2001 at 22:36:24:
Many interesting sounding courses are offered at this site , but I noticed not many reviews or feedback seem to exist. Can anyone tell me if they have had any experience with any of the courses involving making money with paper or notes? Thanks a heap.
Posted by Jon Richards on January 13, 2001 at 21:55:25:
Courses on profiting in discounted notes need to teach four things, in this order I think. You should verify that the course does this. War stories, are useless, Terry Vaughan’s course btw, is excellent.
You need to know the most modern ways to find notes. Direct mail, and advertising are best left to the “guru course takers.” We recommend working with referral sources, paying finders’ fees, and developing a long term relationship with people who know people who have notes.
Calculator skills. If you don’t know how to buy part of a payment stream, you are not learning the note business. Understanding a reversal partial makes you an expert. Does your course teach that?
Do you have the long term contracts that outlasts the purchase? These contracts are important if you are buying or keeping a tail for your retirement account.
Finally, do you have access to all the principles who will buy the notes? Or are you just brokering to a broker? More commissions if you have direct access.
So check out the courses and ask these questions. I have found the more expensive the seminar, the worse it is.