Building Wealth with Second Position Notes is a comprehensive online course that will help both newbies and experienced investors find more deals and earn higher returns. Students can access the course through their computers, smartphones or tablets. This is not a subscription. All students enjoy lifetime access to the course as well as a 14-day money back guarantee.
Get the Systematic Due Diligence course included FREE for a limited time! ($495 value)
Systematic Due DIligence is a 55-lesson in-depth dive into performing due diligence on notes.
Expand your real estate investing skills and earn higher returns with second-position 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 need someone experienced to show you what you need to do.
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:
There was a way to become an active second-position note investor within 30 days (just do 1 module per day)
You knew how to find new deals.
You could perform the required due diligence.
You could quickly and accurately price both performing and non-performing second-position notes.
You could close on deals and operate a portfolio with confidence.
There was someone with you to show you the way step by step.
Get started today with Building Wealth with Second Position Note
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.
Who is this right for?
New Note Investors
And if you are new to note investing, second-position notes can be a way to enter the space at a lower price point than starting with first-position notes or other forms of real estate investing.
Experienced Note Investors
If you already have experience with first-position notes, learning how to invest in seconds can open the door to more deal-making opportunities.
Landlords
If you are tired of dealing with the hassle of tenants, property managers, and broken toilets, learning to invest in notes is a way to create bigger cash flows with less work.
Pricing options
You can buy the course with a single payment using the full pay option, or spread it out into 3 monthly installments
Chapter 10 - After the Purchase - Preparing the Loans
Collateral Documents Checklist
RESPA Letter - Sample
Welcome Packet - Sample
Welcome Letter Sample
ACH Form - Sample
Homeowner Authorization Form - Sample
Lost Note and DOT Reconveyance - Sample
Servicing Transfer Letter - Sample
Reviewing the Collateral Material
11
Chapter 11 - After the Purchase: Assignments
Chapter 11 - After the Purchase - Assignments
AOM Sample
AOM Template
Assignment of Mortgage Form
Allonge Sample
Lost Assignment Affidavit Template
Satisfaction of Mortgage Template
Filing an Assignment of Mortgage
12
Chapter 12 - Fair Debt Collections Act
Chapter 12 - Fair Debt Collections Act
FDCPA Guide
FTC - Debt Collection
13
Chapter 13 - Mortgage Loan Software
Chapter 13 - Mortgage Loan Software
14
Chapter 14 - Servicing Your Accounts
Chapter 14 - Servicing Your Accounts
Life Cycle of Loans
Temporary Loan Adjustment Agreement
Settlement Offer Letter
15
Chapter 15 - Using a Servicing Company
Chapter 15 - Using a Servicing Company
MLS 50 State Specific Licensing Table
16
Chapter 16 - Bankruptcy Deep Dive
BANKRUPTCY 101
Bankruptcy Glossary of Terms
How to File a Motion for Relief of Stay
Proof of Claim Form
Transfer of Claim Form
Understanding Bankruptcy with Attorney Daniel Singer
Bankruptcy 101 with Daniel Singer
17
Chapter 17 - Foreclosures 101
Chapter 17 - Foreclosures 101
Foreclosure Process - State by State
Foreclosure Time Frame by State
18
Chapter 18 - Skip Tracing 101
Chapter 18 - Skip Tracing 101
Skip Tracing 101
Working with County Records - Netronline.com
19
Chapter 19 - Loan Modifications
Chapter 19 - Loan Modifications
Loan Modification Agreement Sample
Temporary Loan Adjustment Agreement
Filing for What's Been Forgiven in a Loan Modification with the IRS
20
Chapter 20 - Managing a Portfolio
Chapter 20 - Managing a Portfolio
21
Chapter 21 - Evolution of a Portolio
Chapter 21 - Evolution of a Portfolio
Keyhole-Fund-Facts
Evolution of a Portfolio - One Year of Loans
22
Chapter 22 - Funding a Portfolio
Chapter 22 - Funding a Portfolio
23
Chapter 23 - Presenting Your Company
Chapter 23 - Presenting Your Company
24
Chapter 24 - Case Studies
Chapter 24 - Case Studies
25
Chapter 25 - Next Steps - What Next?
25-Next Steps - What Next
26
Chapter 26 - Workout Strategies
Workout Strategies
27
Chapter 27 - Glossary of Terms
Chapter 27 - Glossary of Terms
28
Chapter 28 - Industry Links
Chapter 28 - Industry Links
FAQ
Why should I invest in second position notes?
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.
How does the risk profile for seconds compare to firsts?
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.
I'm already a student of Note Launchpad, how is this course different?
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.
Is there a money back guarantee?
Yes, the course includes a 14-day no questions asked money-back guarantee.
What is the monthly cost?
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.
Will investing in seconds allow me to create a full time business and quit my job?
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.
Pricing options
Explain how different pricing options might be valuable to different segments of your audience.
