Brokering Notes - Start Your Note Buying Business
Wednesday, April 15th, 2009
Start Your Note Buying Business by Brokering Notes
I am surprised at all the requests that I have received from other investors and students that are interested in brokering notes.
I wanted to help clarify a couple of things that will make it easier for anyone who’s considering brokering.
I wand to make sure that we improve your profits and close rates when you are brokering. (who wouldn’t want to?)
Brokering notes is obviously the perfect strategy for folks who want to get into the note buying business, but don’t have access to money currently.
Sherry’s Success With Brokering Notes
Sherry is a broker, her and I have been working together.
You can also be earn great revenues in note brokering if you copy Sherry’s business style. She is broker that know how the game is played, and she knows what she is doing.
Her background is in banking. Sherry started brokering a couple years ago and has been successful is what she has been doing.
Brokering Notes, Your Four Keys to Success
Here are Sherry’s four keys to success…
1. Determine if the buyer will really buy notes
2. Make relationships with sellers that actually sell
3. Figure when you should step out of the way. Know who you are working with. You have to determine whether this is after the 1st trade or maybe the 3rd or 4th.
4. Stay in contact with both parties and maintain communication. Lose one, and you may lose your note deal.
Remember this, the better you know the note buying process and the product, the greater the likelihood of a successful trade.
Build Relationships When Brokering Notes
You may think that it sounds like it’s only for pros who come from a banking background.
Non performing note trades are not rocket science. Anyone can do it.
The right approach matched with some creativity will help you profit.
When you are brokering notes, you need to build relationships.
Learning how to broker notes is a social business. If you are what they call a “people person”, then you should consider this industry.
Be your own success.
