August 10, 2019

 

Hi ,

Here's your roundup of recent major news affecting the note and real estate business. Not a lot of news this week, but the first story below is big.  The CEO of the Woodbridge real estate loan fund pleaded guilty to swindling thousands of investors out of $1.3 BILLION.

 

This news comes as several other funds of this type have been exposed as shams.   This is why we do not allow note funds to exhibit at our Paper Source conferences. Some funds are probably legitimate and run by good people, but I recommend that when you buy a note, you get the original note signed over to you, and have all the other documents. Get the note, not a promise.

 

Click on the headlines to read the stories.  If you find something you think should be shared with our subscribers, please email it to me:  wjm@PaperSourceOnline.com

 

Gordon Moss is preparing a brand-new seminar, "Mastering Real Estate & Note Investing:  A Game Changer" and will teach it for the first (and possibly only) time Oct. 11-12 in Las Vegas.  Here are all the details:  https://papersourceseminars.com/gordon-oct-2019/

 

-- Bill Mencarow, The Paper Source 
www.PaperSourceOnline.com