I have been pondering what Brian from Columbus pointed to during his presentation on lonnie deals. Namely, that a good way to sell your notes is to personally guarantee them and then you can sell them at face value.
I went back and read the posting that he pointed to…look up “Standard Protocol” on www.creonline.com mobile home forum to read up on it.
It appears to be a way to create note, sell the note for full price, my a couple more homes, sell those notes at full price, etc. Basically, you are churning your notes for cash without discounts.
Does anyone do this? It seems like a great strategy, my only concern is in servicing the note and making sure the investor gets paid no matter what>
What say you?
John - IA