Let’s talk about the “big bad asset managers”!
In real estate, people are always looking for TWO things: deals and money. They go hand in hand.
Finding deals in the note investing space means having to connect with asset managers, which sounds daunting because you might be new, and their position, “Asset Manager” sounds scary!. But asset managers are people too. Asset managers are basically the people you are going to contact who have products to sell. The beauty of dealing with Asset Managers in the Note space, is they don’t care if you are new, they just want to know that you are going to perform. Getting them to send you lists of the assets they have to sell (called a “tape”) is not as hard as you may think.
People in the note investing space are collaborative, helpful, and open to working with new investors. The key is that you are serious about buying deals and follow through.
It’s strongly recommended that you take SOME education on note investing to help navigate the waters. They want to see that you know the basics and foundation.
If you know who you are as an investor and what you are looking for, you will not have a problem dealing with asset managers. This business is all about relationships and building rapport with somebody who has notes to sell to you.
Don’t be afraid to reach out, make connections, and tell them exactly what you are looking for. They aren’t the ‘big bad asset manager’ that everyone thinks they are.
Dive in and we’ll discuss:
- Where you can find asset managers and what background they have
- Why asset managers shouldn’t be intimidating
- What asset managers are looking for
- Characteristics of an asset manager
- How much do you need to know about notes before dealing with an asset manager
- Benefits of working with and collaborating with an asset manager
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Paige Panzarello is the “Cashflow Chick”. Having been a Real Estate investor and entrepreneur for almost 25 years, Paige has experienced many facets of real estate investing. Her experience includes founding and running her own Residential and Commercial Construction and Acquisition companies, Buy and Hold residential and commercial real estate investing, Tax Deeds/Liens Investing, Fix and Flip (Residential Remodeling), and other forms to name a few. She currently focuses on Non-Performing Notes that she purchases all across the United States. Whether in notes, residential or commercial real estate, in California, Arizona, or nationwide, Paige has been successful in completing over $150 million in real estate transactions to date.