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Sunday, April 12, 2009

Brokering Notes - Start Your Note Buying Business

By Dean Engle

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.

In an attempt to make things as easy for you as possible, I want to clarify some things on brokering for you.

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

I have been working with a woman named Sherry who is a broker.

If you pay attention what Sherry is doing, you too will be on your way to becoming successful in note brokering. She knows what she is doing and Sherry knows how this game is played...correctly.

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. Find buyers that will really buy notes

2. Determine if the seller will really sell

3. Know when to step out of the way (may be the 1st trade or the 3rd trade, know who you are working with.)

4. Stay in contact with both parties and maintain communication. Lose one, and you may lose your note deal.

Keep in mind that the more you know about your product and the note buying process, the more successful you will be.

Always Build Relationships When You are Brokering Notes

Don't think that this business is only for the pros with banking experience.

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.

You are your own success. - 23218

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