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.