From Rooming Houses to Note Investing: Phil Brodeur's Success Story
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Hey Note Closers! Scott Carson here with a truly inspiring guest, Phil Brodeur, a successful note investor who's made a remarkable transition from traditional real estate. Phil shares his unique journey and valuable insights into the world of note investing, particularly from a Canadian perspective.
Key Takeaways:
- Transition from Traditional Real Estate: Phil shares his experience of starting in the challenging world of rooming houses and the lessons he learned about management, tenant relations, and the importance of diversifying investment strategies.
- The Note Investing Pivot: Phil’s introduction to private lending opened a new world of opportunities. His early successes in this arena fueled his transition to note investing.
- Canadian vs. US Note Markets: Phil highlights the key differences between Canadian and US note markets, particularly regarding loan terms, interest rates, and foreclosure timelines. This comparative insight is invaluable for those considering cross-border investments.
- Building a Portfolio & Raising Capital: Phil discusses his strategies for building a diverse note portfolio and the methods he's now employing to raise capital for larger, high-yield investments through a structured notes fund. This provides insight into scaling a note investing business.
- The Importance of Action: Phil emphasizes the importance of taking action in note investing, despite potential fears of analysis paralysis or uncertainties. He advocates for consistent follow-up and seeking mentorship to accelerate the learning process.
Learn from Phil's Experience:
Phil's journey is a compelling case study demonstrating the potential for success in note investing. His practical advice, unique perspective, and focus on action make this episode essential listening for both seasoned note investors and those just starting out. Connect with Phil through his company, Colossus Strategic Holdings, at https://snip.ly/PhilBroduer
Watch the original VIDEO HERE!
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