Yep

...

they would rather sell that note off to somebody like me, recoup 50, 60 cents on the dollar.

They can get out and leverage it, lend it, make up that 40% loss, and it incentivizes me to buy something.

I know I'm going to be into it for 6 to 24 months to foreclose, but I'm buying it at 50 cents on the dollar.

That gives me all the room to negotiate, modify, leverage, work out with the homeowners to turn, you know, a problem property into a profitable solution.

Or, you know, just have that come to Jesus me, like, "Hey, man, you can't afford this based on where your numbers are at.

Yeah, right

cool so okay so for everyone listening then break this down what you do for the basics it's like okay you're buying notes but what does that mean

A great question.

When people hear about note investing or buying a note, they often think about people selling or buying an owner financing, creative financing.

Somebody's going to sell a house on terms.

And that's one niche of it.

What I do is it's up the food chain a little bit.

So everybody is already in the mortgage business.

What was your first deal like? How'd that look?

Mm.

And then, I don't know, I think it, I think it was probably two, three weeks and then I thought, I just thought to myself, "Do you know what? I'll, like, I'm not a third choice keeper, but how can I, like, do the best at this, at this role that I can do?" And it was basically just I'd, I'd get there early-Being the g- f-first, just being in the gym.

Um, and I think the, the main thing was just being on the, on the training ground week, every single day.

Yeah, yeah.

And, like, touch wood, I wasn't in- But with some of your ex- with some of your experience with the younger keepers as well, that must've been valuable for them.

Do you know what I mean? Yes.

Obviously, only a couple of them came over and every now and then, 'cause they only liked to have the three keepers.

Brilliant.