036: How Much Money Do You Need To Start Note Investing

Note MBA

English - August 12, 2015 08:30 - 22 minutes - 10.5 MB - ★★★★★ - 142 ratings
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Previous Episode: 035: Don't Judge A Book By Its Cover

Next Episode: 037: Foreclosure Timeline Expectations And Listener Feedback

This week Chase and Robby get after a few listener questions and read some e-mails that came in over the past week.

Topics Highlights include:

-FCI’s Note Exchange

-How much $$$ do I need to get started?

-What if I haven’t done any deals?

-Robby talks a bit about note wholesaling

-A new FL Statute protecting tenants following a foreclosure

So, let's get to a few questions we answer in today's show.

Love the show! Haven’t listened to all of the podcasts so if you have answered this before, I apologize. What do you guys think about FCI Exchange for purchasing notes? I’m new, have gone through Scott Carson’s Notes For Dummies class in Dallas, but haven’t pulled the trigger on a note yet.

I keep running into investors that say “once you have a couple notes under your belt, give me a call.” If I get a response at all. It’s pretty frustrating but I’m not giving up. - Eric

I really enjoy the show. Thanks for taking the time to put it together and help everyone out. In my opinion there are not enough resources out there for learning about this investment class.

Anyway, I liked the episode on self-directed IRAs. And it got me thinking about finally taking the plunge into note investing. With that said what minimum amount of cash would you recommend to have available to start investing? Basically, how much should I transfer into the SDIRA including necessary reserves? - Matt

If you have any questions you’d like us to address on our next Mailbag Episode.

You can always send you questions to [email protected].

Listen to this week’s show and learn:

What If I Haven't Done A Deal
Note Wholesaling
How Much Money Do You Need To Start
Is FCI Note Exchange A Good Place To Buy Notes
A New Florida Statute

Listening Options:

Subscribe via iTunes.
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Right-click and “save file as” for direct download.
Or click here to get sent to the top of the page where the on-site player is.

Thanks for listening to our show! We’ll be back next Wednesday morning.

Cheers,

Chase & Robby