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Buying and Selling Notes with Brett Burky
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I'm thrilled to share with you the highlights of my recent podcast episode where I had an enlightening conversation with Brett, the brain behind Paperstac. We delved into the fascinating world of buying and selling debt, and I'm sure you'll find it as intriguing as I did.
- Paperstac - A Game Changer: Brett's company, Paperstac, is revolutionizing the debt market. From mortgage debt to business loans, they've got it all covered. With over 15,000 users and a successful YouTube channel, they're making waves in the industry.
- Innovation at its Best: Paperstac is working on a feature called Paper Price Predictor. This tool will make the process of trading notes faster and more efficient, saving days or even weeks of time for larger trades.
- Why Sell a Note?: Brett explained the concept of the velocity of capital - the ability to turn money over multiple times in a year. Selling a note can provide immediate access to cash, fund other investments, or pay off debts.
- Investment Opportunities: Brett shared that note prices on Paperstac range from a few thousand dollars to as high as $43 million. The best part? You don't need to be an accredited investor to buy notes.
- Trust and Security: Paperstac has created a system to protect buyers' interests, ensuring a safe and secure transaction process.
- The Future of Paperstac: Brett revealed their plans to develop a white label product and simplify their software. They're also working on interactive video scenarios for their academy to educate users about note buying and selling.
- Engaging with the Audience: Many of their YouTube episodes are based on audience questions, making their content highly relevant and engaging.
- Enterprise Product: Paperstac's upcoming enterprise product will help organize and index documents for large transactions, saving time for sellers and buyers.
I encourage you to reach out to Brett if you're interested in selling or valuing your debt. And don't forget to tune into the podcast to hear our full conversation.
Next Steps
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