Several years ago a lady in a pink cowboy hat set a goal of sharing the power of investing in mortgage notes with at least 5,000 people .
That has since morphed into a vibrant community of successful investors who have not only been learning the advantages of this asset class and investment strategy , but have been actively helping each other by teaming up to access large amounts of dealflow at attractive discounts , and in turn been sharing their blessed rewards through their combined Invest Profit Give initiative .
Realty411 caught up with the lady in the pink hat , Jasmine Willois , to find out what they ’ ve been cooking up in their Mortgage Note Lab sessions , how the Note Assistance Program has been helping people , how they ’ ve been thriving through COVID lockdowns , and where you can tune into her very transparent podcast .
From Working For The Banks , To Becoming The Bank
Jasmine is an MBA rocking former investment banker and equity trader who worked with big Wall Street firms like Dean Witter and Morgan Stanley . She then ended up being recruited to help GMAC Homecomings with their loss mitigation .
Discovering the great benefits of real estate and mortgage note investing for herself , and craving more freedom to be able to help distressed homeowners , Willois decided to become the bank herself .
Lending is what has helped banks grow so big , and own their financial position for so long . As the noteholder , you effectively become the bank . That means you also have the ability to help borrowers manage their mortgages and keep their homes . As a mortgage note investor , you have even more freedom and ability to do that than corporate giants , who continue to do a pretty horrific job at that , even when helping should be in their best interest .
As the President and Founder of Note Assistance Program , Jasmine has been on an 8year mission to share the awareness of the ability to invest in notes like this for yourself , and to simplify the process for individual investors and family offices .
She and her team have built an incredible community which support and partner with each other on a variety of levels , including JVs , and participating in acquiring larger batches of notes . Their combined buying power and Jasmine ’ s track record and industry relationships enable them to access $ 20M to $ 80M of notes each month . As you can imagine , that carries some pretty strong street cred when it comes to negotiating discounts and getting bank , credit union and fund decision makers to pick up the phone .
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