Although there are many actual products you can represent when it comes to the Cash Flow Industry, there are really only two (2) “classic” or core product areas of associated with traditional operation. They are:
- Private Mortgage Notes: This includes private promissory notes on residences, commercial properties, mobile homes, investment properties, vacation properties, etc.
- Annuities: This includes structured settlement, lotteries / gaming awards and investment annuities
DataMax “Classic Series” and “Mortgage Note Investor Series” website templates focus on products found in these core or traditional product areas. DataMax “Mortgage Note Investor Seires” websites focus only on the investment side of the industry for those individuals who are actual buyers of and investors in mortgage paper.
“Cash Flow Professional Series” sites are expanded sites for industry brokers that include additional “niche” product areas of operation and even related enterprise areas for consumers. Additionally, those brokers involved in the rehabbing and wholesaling side of real estate will expand their sites to display their current properties for sale using their Cash Flow Professional series sites.
Start Your Business With Core Products and Expand
As you will eventually learn, there are literally dozens of various contract types and obligations that can be invested in and purchased and sold. The Cash Flow Industry, or simply paper industry, is made up of hundreds of investment companies whose business is to purchase this “paper” for profit. Most paper is purchased at less than face value or at a “discount”, hence the name Discount Notes. Cash Flow brokers are simply independent freelance agents that work as middlemen or “finders” of such paper for sale and refer it to these institutional buyers for a fee or commission.
Core Industry Size
Some paper markets are small, specialized markets and attract just a few players. Others are large and attract large finance companies and even banks. For example, everyone has seen an ad or two on television for J. G. Wentworth regarding the purchase of structured settlements. Structured settlement investing is a very large investment segment with powerhouse buyers of paper. On the other hand, you have probably never seen an ad for the purchase of private business notes and will find very few institutional buyers of such notes simply because this is a very small and specialized “niche” area.
Where to Start
Most new industry brokers will start their business with a focus on the traditional “core” products. They will then expand operations as they find and are attracted to the many “secondary” industry products such as inheritance advances, pre-legal settlements, personal luxury asset loans, etc.
Which Series Website is Right for You?
If you are absolutely certain your primary business will focus strictly on note brokering, then a DataMax “classic series” site is the right one to choose. It you are “mobile creative” and anticipate expanding into many product areas and payment streams, then a “professional series” website will be the right choice for you from day one, even though you may not initially market to the additional cash flow product areas found on these larger websites.
Drop Down Menus
Additionally, if you intend to expand your operations into the professional areas of lease option investing, real estate wholesaling, fix and flip, etc., you will want a “professional series” website with drop down menus. It is very easy (and inexpensive) to add additional product areas and pages to DataMax websites with drop down menus as you expand your business. You will want pages to insert images of your properties and real estate opportunities.
Get “Wicked Smart”. Immediately Start Investing in More “Inexpensive” Industry Knowledge.
One of the most important tasks you have as a “newbie” mortgage note / cash flow broker is to educate yourself and expand your industry knowledge and horizons. Such a financial education represent an enormous “personal asset” and opportunity for you to create a true career and to dramatically improve your lifestyle. And most importantly, acquiring such an education does not need to be expensive. Throughout this DataMax training area, you will see links to excellent books on various subject matter. Many are in KINDLE FORMAT which means if you have a Kindle Reader, the book or training guide is often under $5.00, or in some cases, free.
Even movie star Matt Damon knows the value of such an inexpensive opportunity.