This course teaches the techniques and benefits of note investing and provides step by step instructions on how to purchase and work out performing and non-performing first position notes. Participants will learn and receive resources on how to find, evaluate, purchase and workout a mortgage note.
This self-paced course has 25 modules that will not only help you understand the business of note investing, but how to evaluate and work out the asset.
This course will cover:
- What is a note & note investing?
- Lien position (First and Second) & Performing vs non-performing
- Examining a Note (collateral file) – promissory note, mortgage, allonge, assignment of mortgage, underwriting
- The trail of a note (how it originates and ends up in your hands)
- Amortization table (Truth in Lending)
- How much money do I need?
- Time value of money
- Judicial/Non-Judicial Foreclosure
- Rules/regulations/Dodd-Frank
- Reading, sorting and evaluating a tape
- Evaluating notes
- COC vs. IRR vs. Yield
- BPOs and Realtors
- Exit Strategies
- Determining ROI
- Making offers
- Steps to working out a non-performing and a performing note
- And more…
You will also receive an electronic handbook and other resources.
