• Gurus
• Brad Richdale
• Bruce Berman
• Carleton Sheets
• Cory Rudl
• Derek Gehl
• Don Lapre
• Holly Mann
• Jeff Paul
• Jim Edwards
• John Alexander
• John Beck
• John Reese
• Ken Evoy
• Ken Roberts
• Kevin Trudeau
• Lonnie Scruggs
• Marlon Sanders
• Mark Ling
• Robert G. Allen
• Robert Kiyosaki
• Rosalind Gardner
• Russ Dalbey
• Wade Cook
• Yanik Silver

Russ Dalbey Review

Behind Russ Dalbey's cheesy infomercial, there is actually a legitimate business opportunity being presented, and Winning in the Cash Flow Business serves as a solid introduction to the little-known but lucrative note-brokering business. I had previously heard of people brokering mortgage notes and making good money, so I decided to check out Russ Dalbey's course. It comes with a DVD, 2 Audio CDs, and 3 manuals. The information does a good job of covering the basics of running a note business.

For those not familiar with note brokering, it is basically a business where you

1. Find privately held mortgages or notes,
2. Negotiate a price for that note, then
3. Sell that note to a buyer, in this case by utilizing Russ Dalbey's website (called America's Note Network). Your profit is the difference in price between what you paid for the note and what you sell it for. This profit is much like a finder's fee that you charge for finding and listing the note. Sometimes the profit can be tens of thousands of dollars for a single note transaction, and there is definitely great potential for making a lot of money.

So does the program work? Like any other business, your results depend on your individual efforts. Note-brokering is a proven business, where people have been making money for some time, but it does require knowledge and a lot of trial and error to be successful. The most difficult part of the business is actually finding the notes, which you can only do well after building a large network of contacts and spending many hours on the phone every day.

I do not know how the latest housing crash has impacted this market. I would think that the values of mortgage notes overall must have plummeted since the beginning of the downturn. This may make it easier to buy notes from people hoping to unload their bad notes, but I would think it would make it twice as hard to turn around and sell that same note to someone else.