Running a Note Business is certainly challenging. Aside from the financial constraints, time requirements, and operational difficulties, one of the biggest challenges you have to face is competition. As they say, business is a competition and competition is in itself a business. The big players in the note industry, with their massive marketing budgets and … Read more…
Unless you are fully committed to the Seller Financed Note Business and have a solid business plan, you will have trouble finding success. In my extensive and continuous career in the note busines thus far, I have had the opportunity to coach and mentor many note professionals. This experience has allowed me to witness first-hand … Read more…
Although there are many note holders who are open to talking when you demonstrate empathy and relevancy, there are also some emotionally charged jerks that seem intent on hurting you and making it personal. The pandemic has changed some things. It’s added new stress, challenges, and hurdles to our plates. This might be a news … Read more…
A great deal of our time, money, and personal effort go into marketing our expertise and qualities to note holders. Once we’ve done a great job for them, repeat business, and referrals may follow. But first, we have to do business with them (buy their note). Marketing featuring the skills and qualities they value will … Read more…
You are buying a note and while doing your due diligence, the dreaded happens, the appraisal comes in low. Then you have to call your note seller and inform them of the new development. If you have been in the note business any amount of time then you have heard your note seller says things … Read more…
If you’ve been in this business (of helping people sell their seller financed notes) as long as I have, you’ve had the experience of a “great” deal going sour at the last possible minute. Over the past thirty years I’ve certainly seen note purchase transactions that I would not, frankly, have given much of a … Read more…
Making the decision to start your own Note Business is a big decision. Everyone has different things to consider when they begin a new career, but make sure that you don’t these common misconceptions slow you down or stand in your way in your pursuit of becoming a successful Note Professional. Misconception #1: Certain types … Read more…
No one ever said that working in the note business was easy. However, it is crucial that note professionals have a passion for helping people and possess the skills and personality traits to keep note holders happy. Otherwise, you risk alienating note holders when they receive poor customer service. In this era, when anyone can … Read more…