EP141: When, How & If You Should Contact Borrowers

In this episode of the Paperstac Podcast, Brett Burky and Rick Allen discuss avoiding borrower communication mistakes in note investing by understanding when, how, and if you should ever contact borrowers. Dive into the critical topic of borrower communication during note transactions. Discover the dos and don'ts of reaching out to borrowers, especially in non-performing loan scenarios. Learn from their experiences, understand the legal implications, and get practical advice to avoid costly mistakes.If you are interested in note investing and avoiding common pitfalls, this episode provides valuable insights to help you navigate the complexities of borrower interactions effectively.As a note investor, knowing when, how, and under what circumstances to contact a borrower is essential. Listen to this episode full of note investing insights on the right timing, approach, and circumstances under which it is appropriate to contact a borrower.This is an important Note Investing for Beginners topic focused on how to avoid borrower communication mistakes. Understanding the nuances of when, how, and if you should ever contact borrowers is crucial for anyone looking to succeed in note investing. Join us as we unpack these vital strategies and more.__________________________________Chapters: 0:00 Introduction 0:16 Rick’s Cold Plunge Experience1:54 Importance of Subscribing to the Channel2:55 Communicating with Borrowers in Note Investing4:55 Legal Implications of Contacting Borrowers6:45 Brett’s Experience with a Non-Performing Loan8:30 When to Contact Borrowers in Note Investing10:54 Importance of Seller Consent12:46 Cooling Off Period and Legal Considerations14:00 Closing Thoughts and Paperstac AcademyFollow Us On These Platforms:👇Facebook: https://pstac.co/facebookLinkedin: https://pstac.co/linkedinTwitter:  https://pstac.co/twitterTikTok: ...