With so much hype on how much money there is to be made in flipping whether it is real estate or notes, it is hard to know what to believe. Given the woes of the financial market from shady business deals and profits that are actually worthless paper tricks will make you think twice before going after what seems too good to be true.
What is a note? A written document that states a promise to pay, and the terms which include the amount, interest rate and length of time in which to fulfill this promise. People who have notes are owed money. People who want to flip notes are looking for note owners who want cash upfront and are willing to take less than the note is worth. For the investor who buys these notes, they rely on that difference for the profit. More on that will be covered within this site.
Who invests in these notes? Actually, there are thousands of individuals across the country who invest in notes. However, they are small time compared to the banks and pension fund managers -- they are the biggest investors in promissory notes because they are considered to be fairly safe investments. Additionally, investors will know their yield before they even buy the note -- you cannot get that from investing in the stock market!
While there are many get rich quick and business opportunities that involve flipping notes, the most notable of the late-night fame is Russ Dalbey. And yes, I was also fooled into buying the package which was fluff that could never help anyone make money, but plenty of opportunities for them to upsell you more useless stuff.
Note flipping is a legitimate business. You get out of it what you put into it. It can be done, but it takes a lot more work than you will find in infomercial products.
And if you do have a note, you have probably been approached several dozen times from people asking you if you wish to sell and wonder if you should. This site will also give you valuable information to help you decide what is right for you.
