Wayne Snell is a managing director of Platinum Ventures. Texas-based private real estate investment company focused on buying and selling performing, re-performing and non-performing real estate notes to produce above-average, safe and consistent returns for our joint venture partners and private investors. Wayne is really smart and knowledgeable man who shared with us a ton of valuable information on this episode. This is the first time that we have this kind of in depth conversation about notes, so tune in and pay attention there are many things to learn.

Wayne Snell -         [email protected]

 

469 587 9050   

 

Platinum Ventures -     www.platinumventures.net   

 

Show Notes:

 

00:00 - 02:34    Introduction

 

02:34 - 03:56    What is a note?

 

03:56 - 05:52    How Wayne transitioned in owner financing?

 

05:52 - 13:35    Classification of notes. How to buy them?

 

• Performing notes
• Non-Performing notes

 

13:35 - 15:35    Good note for purchase

 

15:35 - 17:21    Funding properties

 

17:21 - 19:55    Why Wayne branches into slower markets?

 

19:55 - 24:19    Exit strategie

 

24:19 - 27:40    Working with residential mortgage loan officers

 

27:40 - 29:34    How Wayne create cash flow?

 

29:34 - 32:21    Pricing notes

 

32:21 - 37:50    Judicial vs non-judicial states

 

37:50 - 41:15    Partnering with Wayne

 

41:15 - 45:03    Wayne’s advice