Posted by James on May 25, 2001 at 23:51:19:
In Reply to: Hypothecation - very simple posted by John Behle on May 18, 2001 at 17:56:31:
John
Could you email or put a copy on the board of what you use in your Hypothecation Contract with investors or a example of your contract so I can take it to the attorney as an example. I would really appreciate it. How many months do you usually use for the moratorium to build up the cash reserve. I am enjoying "The Paper Game Mortgage Magic and Creative Paper Formulas". I also just received "Lorelei's Legal Lessons" from Papersource. That book lets you know the pitfalls and how to avoid them. I love Real Estate notes better then Auto notes they don't roll away or crash into other things. Thank you for a great site you allow learn on. You are very generous. For those that are having trouble finding investors just tell everyone that you meet what you do; they will ask you more about it and you never know who will see dollar signs. It's that easy. I don't even try to find them I just talk to people. Tell them a little of what you do they will ask more about it and then I take it away and then teach them just enough to understand what I do but not enough to go in to business for themselves most don't want to do notes anyway they like the security of the loan. Notes are the same way many people will tell their problems these are notes nobody else has even
seen or heard about even though there are ads running every week. Most of the people think the ads are run by salesman but I am a problem solver. So I don't run ads and I get more notes then I can look at. I guess I am weird because I don't broker I just put them on a waiting list. Right know there about 20 -30 of those. That makes it alot easier to negotate later. There is no special message on my phone. I hope this helps others. This is a game serious as it maybe it is still just a game so have fun. John just has given some of the tools to give us a edge. So help people, make money and enjoy
Thanks again for all your help, take care and get well, John.