The Real Estate Investor's Magazine
I'm told the sun crossed the Equator this past week. With that, the calendar tells us that spring has started in the Northern Hemisphere. Not so fast. So far, there is very little evidence that has occurred. Where I live, nights still hover in the lower 30's with the days spending too much time in the 40's. There seems to be a lid at the 50 degree mark. My Vitamin D is low and I'm ready for some sunshine and warmth. You?
Regardless, I am sure the warmth of Spring will arrive soon, and we'll see why this is my favorite season. Spring is that time of new birth. Flowers bloom, grass turns green, and the sound of lawn mowers roar after their silence of the Winter. For my note business, I'm ready to leave the Winter behind and look forward to the newness and opportunity of Spring.
Frankly, the note business was a bit dark and cold this winter. Slower than I wanted. But not without me trying. I just did not find the investment quality assets I require for investment. There were plenty of notes available, if buying a note was the goal. The refined goal is to acquire investment grade assets that will result in a quality return to my Joint Venture Investor.
My stated goal is to purchase 60 notes for 2018. Breaking that down, that would be 5 per month. I have fell short of that level. For the first quarter of 2018, I have acquired a total of 5. I may behind in my quantity goal, but I'm right on track with my quality goal. I'm okay with that.
April appears to be a different story. I'm been asked to speak at an online conference called NoteCAMP 5.0. I get a Saturday slot and I get to present about my experience in the note business, successes and shortcomings, and a couple of other ideas. For more information on NoteCAMP 5.0, here is a link to the registration page:
NoteCAMP 5.0
Also, I will be attending a couple of conferences. April 12 - 16, we will be traveling to Cape Coral, FL. for a intense Mastermind event. 40 - 60 like minded note investors will descend upon the Westin Cape Coral Resort and Marina for 4 days of networking and education about the note business. If spring is late here, I'll go to Florida.
Finally, in late April, I will be attending the 2018 Paper Source Note Symposium in Las Vegas, NV. Now, Las Vegas isn't exactly my type of city, but networking with 450 other note investors and the opportunity to meet new note sellers is a must as we expand our business in 2018. These events are not a vacation. I work hard to meet the right people that can increase my business and bring investment quality assets for my investors. Somebody has to do it.
Thanks for reading. I do appreciate it. It's now Sunday afternoon, the sun is out at 51 degrees and the lawnmowers are roaring. I guess I need to call the neighbor kid that mowed my lawn last year. It's looking like things will be warming up and I'm prepping for a hot summer.
Cody
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Eric Tran serves Universal Commercial Capital as its Chief Operating Officer and has served the real estate mortgage lending industry for nearly 30 years.
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