Phil Drew

Philip M. Drew, Brig. Gen., USAF (Ret.)

My Favorite Deal! (Panelist)

Do you have trouble finding notes to invest in? This presentation will give you some practical advice on creating your own.

I am Phil Drew, a retired USAF fighter pilot and Brigadier General. I have been a Real Estate and note Investor since 1961 when I read How I Turned $1,000 into $1,000,000 by William Nickerson, one of few books at that time about Real Estate Investing. After retiring from the USAF in 1988 I became a full time real estate investor and started my own real estate investment company and later my own mortgage company. I have originated hundreds of mortgages, including seller held mortgages, sometimes referred to as Owner Take Back (OTB) mortgages. I have originated, bought and sold many notes, using a variety of methods.

I have learned, sometimes the hard way, that there are three keys to successful note and property buying and selling: The first is to spend the time it takes to perform “due diligence” and do my research before investing. The second I learned during my 28 year career in the USAF flying fighters and leading thousands of men and women: There is no substitute for finding experts and using and valuing their knowledge and capabilities. And the third is two sides of the same coin – if the deal seems to good to be true it may be; and if the deal seems to get harder and harder, it may be a sign that you should walk away. The common ring on which these keys fit is the importance of listening and evaluating “the deal.” Now I am ready to share these lessons with you.

I will be available for complimentary private consultations at the Note Symposium.