Dec 14, 2020
In this episode of the
Millionaire
Mindcast, we have an
amazing guest, Eddie Speed who shares insights and wisdom over his
career on leverage, creative terms, getting into the note game,
hedge fund, learning how to discuss interest rates, the perspective
of understanding seller-financing, and importance of business
ethics and integrity!
Eddie Speed is a serial
entrepreneur, coach, award-winning training designer, public
speaker, educator, consultant, discount note expert, author,
President, and Founder at NoteSchool, a platform that educates and assist real
estate agents and brokers, mortgage brokers, builders, investing
clubs, among others to be prepared for the incredible opportunities
in the real estate market, through comprehensive training programs,
available in-home study courses, live seminars, and ultimately
mentoring programs.
For almost 40 years, he has
purchased more than 40,000 notes and the NoteSchool executive team has bought 3.5 billion dollars
in notes. He is dedicated to his professional life to the seller
financing and non-performing note industry, and teaching thousands
of investors around the country.
Eddie started in real estate
when he was 20 years old. The big thing is he sees things in puzzle
pieces, willing to learn, and execute his plans. He believes that
there’s a catastrophe coming. But preparing and positioning
yourself before the bomb is an advantage!
Some Questions I Ask:
- Where did your journey begin in real estate?
(01:03)
- Give us a little context of what
seller-financing/note buying is? (01:35)
- How did you come across your first deal, and
how did you navigate it? (04:02)
- What creative financing or note buying is? What
do you teach people to do? (06:56)
- What are some of the mistakes that you see even
the season investors and your students are making that they just
don’t know about? (13:08)
- What are the best ways to present things, and
the big mistakes that unravel opportunities that prevent them to
get across the finish line? (17:35)
- What do you see in terms of what the real
estate landscape could look like in 2021 and beyond? How do
creative investing and terms tie into all of these to build wealth?
(22:04)
- What are you getting excited about in helping a
lot of people, building your own network, growing your passive
income? What should people be doing to get the advantage of this
opportunity? (28:10)
- What do you say to that person in terms of
integrity and ethics as a real estate investor? (34:14)
- What has been one of your favorite or largest
deals or structured? (37:20)
In This Episode, You Will
Learn:
-
Characteristic of most successful student
(05:15)
- The pattern with the most season guys
(13:27)
- The Mindset of being Asset Agnostic
(28:49)
- Why would Eddie chase Amateur Landlords
(31:13)
Quotes:
- “The more cash you take the day, the less you
can take for your property.”
- “If you fail to listen to your customer, you’re
not probably failing getting to a solution they want.”
- “There’s an opportunity if you walk it into the
right mindset.”
- “You don’t know what you don’t know until you
see it.”
Connect
with Eddie Speed on:
It’s A Whole New Ball Game with
Creative Financing book
by Eddie Speed
NoteSchool