Building Wealth With Second Position Notes
Learn how to grow your wealth and turbocharge your returns by learning to invest in second-position mortgage notes.
Systematic Due DIligence is a 55-lesson in-depth dive into performing due diligence on notes.
Inside Building Wealth with Second Position Notes you'll learn a step-by-step systems for getting started in second-position notes, creating new cash flows, growing your wealth, and building a more prosperous retirement.
If you find that:
You spend too much time dealing with toilets, tenants, and trash with your current real estate portfolio.
You're over-trying to find deals in other areas of real estate investing where there is too much competition.
You're tired of feeling like learning note investing is too overwhelming and confusing.
You wish there was an easy way to follow a step-by-step process you could follow to get up to speed on second-position notes quickly.
Then imagine if:
In-depth education on seconds from a teacher with over 20 years of experience in the space
The content in this course is based on the learnings of Sherman Arnowitz, who has been buying, selling, and performing workouts of distressed second-position mortgages since 1999, and teaching hundreds of students how to do the same since 2015.
It contains 28 modules that go in-depth on all facets of investing in seconds. This course will teach you how to find second-position notes to buy, due diligence for seconds, how to negotiate and close deals, and how to work out non-performing notes.
You'll dive deep into how foreclosures and bankruptcy work, as well as learn skills like skip tracing and how to read borrower credit reports.
It also includes sample documents to help you create sale agreements, lost note affidavits, assignments, and much more.
The teaching is presented with a combination of written materials, video, and downloadable spreadsheets and tools. With lifetime access to course, you can go at your own pace and revisit the material whenever you need to.
Chapter 1 - Welcome to Mortgage Notes
Where and How to Find Second Mortgages
Understanding Bankruptcy with Attorney Daniel Singer
Chapter 3 - Due Diligence - Working With Data
Chapter 3 - Due Diligence: Working With Data Sample #1
Chapter 3 - Due Diligence: Working With Data Sample #2
Chapter 4 - Due Diligence- Phase 1 - Formatting Your Data
Chapter 4 - Due Diligence: Phase 1 - Formatting Loans
Chapter 4 - Due Diligence: Phase 1 - Formatting Loans
Chapter 5 - Due Diligence - Phase 2 - Eliminating Loans
Chapter 5 - Due Diligence: Phase 2 - Eliminating Loans
Chapter 5 - Due Diligence - Phase 2 - Eliminating Loans
Chapter 6 - Due Diligence - Phase 3 - Pricing Loans
Chapter 6 - Due Diligence - Phase 3 - Pricing Loans
Chapter 6 - Due Diligence - Phase 3 - Pricing Loans
There are many reasons why investors buy second-position notes. Some investors like that the entry point is cheaper than firsts. Some use seconds as a way to diversify their real estate portfolio. Others prefer the potential for higher returns.
Seconds have a potential for higher returns than first, although that also comes with more risk (there is no free lunch!). The purchase price for seconds is smaller than the price for firsts on average, so investors in seconds will tend to do a higher quantity of smaller deals than an investor in firsts.
This course is focused on second-position notes. Note Launchpad is focused solely on first-position notes. There is overlap in many of the key concepts, and in many ways the two courses complement each other. When investing in seconds there are many key concepts in the due diligence, pricing, and foreclosure process that are different than when investing in firsts.
Yes, the course includes a 14-day no questions asked money-back guarantee.
There is no monthly cost associated with this course. All students enjoy lifetime access to the materials. From time to time the option to pay in monthly installments is offered, but these options always include lifetime access and the monthly installments are not charged in perpetuity.
The short answer is yes, many people have done this. However, it requires several years of work to gain the experience needed and fund the portfolio needed to create a full-time income. This course will give you the knowledge you need to achieve this, but it will not help you get rich quickly.