Private Mortgage Lenders Are In For A Surprise This Year

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 25 December 2020

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The smart private mortgage lenders are preparing for this event... Banks are too... Wall Street is asleep at the switch again. Find out what this means for your real estate investments.

Industry insider Eddie Speed talks about the right way to structure a deal, The 6 factors to price the deal properly, and how you can prepare for this event which could make or break your wealth.

For more information, visit the show notes at https://moneytreepodcast.com/private-mortgage-lenders-eddie-speed

^{Today's Panelists:}

^{Kirk Chisholm | Innovative Wealth}
^{Barbara Friedberg | Barbara Friedberg Personal Finance}
^{Megan Gorman | The Wealth Intersection}

Transcript

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0:00.0	Welcome to the Money Tree Investing Podcast.
0:04.7	Stock market, wealth, personal finance, value stocks, invest in your life.
0:11.2	Hello, the Smart Money Tree podcast listeners.
0:13.5	Welcome to this week's show.
0:15.0	My name is Kirk Chisholm and I will be your host.
0:17.8	So today we're going to be talking about investing in notes.
0:20.4	This is one of my more
0:21.9	favorite asset classes, one that probably most people aren't aware of because they just think notes are
0:27.1	boring. But we actually have a guest on. We have Eddie Speed. How you doing to Eddie? I'm great. How are you
0:32.5	Kurt? I'm doing great. I'm glad we had a chance to bring you on. I've known about you for a while.
0:36.8	You run a note thing called the Note School where you help people get educated about notes,
0:41.5	and I love the concept. I think it's excellent because there's so many notes out there and people
0:46.3	aren't even aware that it's a thing. So Eddie, can you tell us a little bit about your background?
0:51.4	Well, I started buying notes in 1980. So it's about 40 years ago, right? And it's been my
0:57.7	career. I've helped a lot of real estate investors create notes. And obviously, if they create a
1:05.3	good note, then there's a good note that can be purchased in the marketplace. So I've tried to
1:09.8	kind of control my marketplace by helping real estate investors make better notes and then obviously help investors
1:17.1	that don't want to go through all the real estate cycle, but just buy notes, have good notes
1:21.9	they could buy. Let's talk about just notes in general. Why notes? Why not real estate or stocks or why notes?
1:29.4	Why did you get into that field? How did you start? Oh, it was by accident. My father-in-law and a partner were
1:36.0	kind of pioneers of buying seller finance notes nationwide. And they were both real estate background guys
1:43.4	and had a finance background. And in 1980,
	...

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