In this episode, Larry talked to his friend, Eddie Speed. Eddie has dedicated his professional life to the seller financing and non-performing note industry. Over the years, he has introduced innovative ideas and strategies that have positively impacted the way the industry operates today.

Eddie founded NoteSchool, a highly recognized training company that specializes in the teaching of buying both performing and non-performing discounted mortgage notes. He is also the owner and president of Colonial Funding Group LLC, which acquires and brokers discounted real estate secured notes.

In addition, he is also a principal in a family of private equity funds that acquires bulk portfolios of notes. He has been a leader and innovator in the note business for over 30 years now.

Topics:

• Moving from an automatic no to yes

• Who Eddie Speed is

• How he started buying notes

• Understanding the note market

• The kind of changes he witnessed over the years

• What he's doing in today's market

• Other ways of getting the same effect with zero interest

• Different ways of structuring zero interest

• Why he is not a big fan of land contracts

• The kind of marketing for seller financing

• Buying and selling properties on terms

• Financing zero percent

• Note Architect Software

Quotes:

• "We serve the best when we like something we are doing."
• "Trees don't grow to the sky."
• "You have to believe that it can be done."

Links:

• NoteSchool
• Note Architect Software - Referral Code: Goins