Do You Need To Have A Mortgage License When Doing Notes?

“ In the state of California when you do eight notes a year you're going to need a license “to flip notes” and make fee income. But if you’re going “to buy and resell” notes, well I got a driver’s license and a fishing license but I don’t have a note reselling license.” - Eddie Speed Click on this link and see the complete episode to learn more: https://youtu.be/2gLnQbzqryc​ " Why Real Estate Investors are Stampeding Into Notes " Uncover Why Savvy Investors Use Proven Mortgage Note Strategies for Massive Monthly Profits In Today’s Ever-Changing Market… Risk-Free!

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Brian Lauchner:

And there's another comment from Ken George. And I want Eddie to answer this because I know how Eddie's going to say it. And I just love to hear it. But Eddie, Ken wants to know, do you have to have a mortgage license?

 

Eddie Speed:

Yeah. So if I'm going to buy a note, if I'm going to buy a note and sell a note, I'm not saying that I'm going to broker a note or flipping note, Richard's in the state of California. And if you do more than eight a year, you are going to need a license to flip notes and make fee income. But if you're going to buy and resell well, Brian, I've got a driver's license and a fishing license, but I don't have a note reselling license.

 

Brian Launcher:

Yeah. The first time I heard you answer that question. You said you needed a driver's license, a hunting license and a fishing license. And these last two are optional.

 

Eddie Speed:

I got to be politically correct. I do have a hunting license, by the way.

 

Brian Launcher:

Yeah. I love that. And obviously, we've even got people chime in, in the comments as well, even answering the questions for us as well. Bumbling Bee Homestead even says, NoteSchool is worth every penny, if you want to learn how to do note investing. That's awesome. Obviously to hear and that's, I mean that's very encouraging, right? To have you jump on here.