Posting to follow.
I thought about investing with Jeff's previous note guy, then he had some problems with his company (IIRC someone within embezzling) and shut down, and I'm not a huge fan of the new guy Jeff's been using (new as in, two years or so). But I'll be interested to hear other's perspectives.
hmm, would be interested in knowing more about Jeff's previous note guy/ embezzling/ being shut down... I have been investing with Dave Van Horn of PPR for 3 years and have never had an issue. He has a great track record. I assume this is not who you are referring to. Could you please clarify. Thanks!
It was his pre-Dave note guy.
The interesting thing was, he said all the same phrases about that guy (he's smart as a whip, wouldn't use anyone else, been with him for years, etc.), and then that happened. It doesn't say anything about Dave, obviously, but it does show it can happen to anyone, even someone highly recommended. Add on top of it the risk of blindly trusting someone's judgement, and, well, make sure you do your due diligence on both the company itself AND the note itself (how it's assigned, serviced, etc.).
Feel free to ask Jeff about it, it's not like a secret or anything.
Also, I do agree that Jeff Brown does tend to over promise and under-deliver. If one is interested in investing in his note fund I would personally recommend bypassing him and going directly to the source (Dave Van Horn with PPR)....
I wouldn't bother, sadly. I'm not a huge fan of how Dave runs his company, personally (a bit too bait and switch for me--much more talk/hype than delivery). I think you may find it difficult to actually invest in notes with him. I've talked with several others who have had similar experiences, but not any that have had success, unfortunately.
Like, you sign up for his site, and get on the email list, and then good luck actually getting one of the notes.
I'd be curious to hear more about your experiences, detail especially the process (though numbers would be interesting, too) because I've looked into it, and talked with others, and if you've had success, you're definitely in the minority. :)
Note companies are similar to turn key companies in that we all want a magic place we can deposit money and get great returns. However, from what I've seen, more of them are shiny on the presentation, and less so on the delivery. I still just can't recommend any, though I've researched many.