Is there still an opportunity in brokering notes?

These figures are given to the Indeed users for the purpose of generalized comparison only. As far as this business goes all I'm looking to do is find buyers and sellers and make a cut. It is hard to make the relationships with the direct sellers but once you have them you can leverage you relationships to broker notes. Social network Profile YouTube playlist - visit. Join the millions of people achieving financial freedom through the power of real estate investing.

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And no my name isn't tmkl it's Thomas. Tmkl is usually a screen name I use but I signed up using my phone the other day and by accident I put my name wrong. As far as this business goes all I'm looking to do is find buyers and sellers and make a cut.

Would I still need to spear to an attorney for that? I mean I'm 23 and a little strapped for cash. The cash I do have I wanted to allocate to marketing and do what I do best and sell. What do you think, would it be better for me to explore other ventures? I'm afraid I have to be the bearer of bad news, but note brokers are a dime a dozen.

Everyone who has signed up to take a course on note brokering usually because they had limited or no success as a real estate investor has a generic website that is the same as all the 10, others.

The dream is that people with notes to sell will come to you. The reality is that if they do call you they are also calling 10 other note buyers, including some direct buyers who can bid higher than you can offer since they are eliminating your commission. In every business, there needs to be an economic justification for the fees that business is charging. In a web based society, what is the economic justification for the middleman when the seller can contact the buyer directly?

The only way to be successful in note brokering is to flood the local market with advertising, or launch a unique and difficult direct marketing campaign. I usually receive letters a week from note brokers offering to purchase my notes so obviously direct mail is over used. You would probably have to develop a source of note holders and cold call them, a thankless and difficult task if there ever was one!

Disagreement is what makes horse races, and apparently real estate investing! Alysha, can you provide us with a little more detail on the number of notes you have brokered, over what period of time, and whether this endeavor was full time or just part time to take advantage of a current opportunity?

Thomas, brokering notes can be done in this market you just need to work hard, get past all the "no's" out there and most importantly make your own deals happen. I have moved 18 notes in the last 30 days and I do no marketing whatsoever. I network with people everyday. In fact, I keep a sticky note of tasks on my desk everyday and one of my required tasks everyday is "setup 2 new meetings". When I get to these meetings all I do is talk to people and find out what their needs are. Thomas if you are like me, when they tell me I can't do something, that motivates me to no end to prove them wrong.

Notes can be sold everyday, the right way. You can do it! There is money to be made here. I buy NPN myself but that has led into some brokering. It is hard to make the relationships with the direct sellers but once you have them you can leverage you relationships to broker notes. Work on that end.. Buyers are easy to find. Join the millions of people achieving financial freedom through the power of real estate investing.

If you signed up for BiggerPockets via Facebook, you can log in with just one click! Log in with Facebook. Full Name Use your real name. Password Use at least 8 characters. Using a phrase of random words like: Del Dotto went bankrupt; the FTC says he never paid. Pino himself was reprimanded by the Florida Bar Association in for misusing an investor's funds.

Pino says his past seminar associations shouldn't be held against him. His infomercial glows with testimonials. But what about the 32 people who studied with Ehrenfeld? Some couldn't be found for a follow-up; others didn't answer her calls. Five other students were working at the business, unsuccessfully so far. Two tried, then "moved on," as they put it.

Six have done nothing with their expensive course, although they harbor fantasies of success. Four quickly concluded that they'd wasted their time and money. The question about Pino's courses, and others like it, is the sales pitch.

Does it give a true picture of what it takes for success? Or does it prey on people's innocent hopes? Pros in the field say that note brokering isn't as easy as Pino's TV show makes it sound. Work "when you want, where you want, how many hours you want," the infomercial promises, over pictures of golf and foreign travel.

But people who are succeeding told us that they're working 50 to 70 hours a week and couldn't earn a living part time. Pino claims there's "limited competition" for deals. That's baloney, replies Ed Burris, who used to work for Metropolitan Mortgage, a major note investor headquartered in Spokane, Wash.

Pick up any newspaper and you will see the ads. Most did one transaction and never returned.

Note Brokering: Harder Than it Sounds

Work from home. Besides all the flexibility, a big benefit is the ability to start building a retirement account and possibly even transition into becoming an investor on your own. I know that kind of career path may be hard to imagine, but many people like us, started “brokering” notes until they made enough money to eventually keep some for themselves. If so, then you should consider starting your own note brokering business. Your own note brokering business can easily be run out of the comfort of your home and can also be started on a limited budget. I have personally been brokering notes for almost 20 years and I am founder and president of one of the largest note buying company’s in the country – Charter Financial. Broker Notes from home and make a great income; like on TV. Easy to start and easy to run and very low cost to get started. You could be in business tomorrow.


Dec 15,  · Charter Financial, Leland von Syring,, note brokering, brokering notes, work from home, home based business opportunity. Note Brokering offers an excellent opportunity for those individuals who would like to start a home based business, either on a full time or part time basis. Start up cost is . Work From Home Notes starts at with notes designed to help you start and run a thriving business, working from home, mainly online.