What about all those investors on the Internet?
Again, 99% of them aren´t investors at all — they are brokers selling to the very few true full-time end investors. They just want other brokers to do all the work and take a piece of what should be the other brokers’ commissions.
What about private investors?
There are hundreds of private investors buying notes, but selling notes to private investors can be very risky. Until you become VERY experienced and understand the potential pitfalls we recommend that you deal only with reputable national investment firms. An up-to-date listing of the major firms and what they buy will be sent to you when you become a PAPER SOURCE JOURNAL subscriber, plus you get access to the Internet Registry. See the Journal tab in the left margin for information.’
Are those Internet cash flow note listing sites any good?
No reputable investor will touch a note listed on them. You are wasting your time and theirs if you ask them to quote a note you found on an Internet listing site.
Think about it: Mom and Pop Noteholder don’t even know their note can be sold, much less are they going to search the Internet for a listing site and post it there. These sites are marketing gimmicks used to sell “boot camps,” “coaching” and other gimmicks. They are dangled in front of prospects to seduce them into parting with thousands of dollars for “training” to become a cash flow (note) broker or “consultant.” The truth about the Internet note listing networks is that they are full of notes, alright — posted by note/cash flow brokers! 99% of the time they have no control over the note nor even any contact with the note holder. They got the note info from other cash flow brokers, who got them from other brokers, etc., etc. This is called the “daisy chain” and it’s the bane of the note industry. Don’t fall for it!
