I frequently get requests for advice on where to find and/or how to buy non-performing notes (NPNs), or where to go for advice.
In the past all I could do is advise what NOT to do -- namely if you are not experienced and do not have the funds necessary to follow all the legal procedures, stay away from them, especially non-performing seconds that have even more of a risk.
Equally important, NEVER buy a NPN from a guru who will take your hard- earned money to “train” you, then push the notes he/she has for sale. This is not only unethical, in my opinion, but a blueprint for disaster.
I now have a recommendation of where to go for information on NPNs, both firsts and seconds. I rarely endorse any guru. Mainly because they usually try to upsell you multi-thousand dollar "boot camps," "coaching" or other expensive products.
I can say without hesitation that my friend Gordon Moss is the exception. I do not consider Gordon a “guru,” but an educator. On October 11-12, Gordon will be teaching a brand-new two day seminar https://papersourceseminars.com/gordon-oct-2019/ on real
estate and notes. One of his topics is NPNs, on which I understand he will devote half a day.
If you want to learn the techniques and strategies of buying notes, NPNs, and real estate from a successful investor, put this one on your calendar.
Best regards,
Tom Henderson
P.S. When you go, send me an email telling me how much you enjoyed it.