Reply by BrendaTx on 2/2/07 6:57pm
Msg #173829
Lauren, first read a lot of this forum...you can draw your own conclusions there. Secondly, consider if your state is already saturated with notaries doing this...how much do you think the good ones want to share. You'll find all you need to know right here. You will be able to make a decision then.
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Reply by Lori/OR on 2/3/07 12:13am
Msg #173880
Lauren, You can answer your own questions if you will do your homework. BEFORE you make any decision do a business plan. If you don't know how to do one, once again do your own homework. Only you can answer your questions. How much time and effort do you plan on putting in? What do you need to break even for a job (that means you will have to know what it is going to cost you)? Some people will tell you they get 1 job a month and they are happy. Some will get 70+ (and I know that is not the majority of loan signers, so don't buy into the hype) (the one's that do have worked their butt's off to get there, it wasn't luck).
It's great that you are a notary, but do you have experience with loan docs? If you don't, how are you going to get it? Borrower's won't be happy if you learn from screw ups with their home loans. I'm sure you would love to go to a tax person and once you are being audited by the IRS you find out that you were their first and oh, by the way, you now owe $20,000 + because, . . . well you just got unlucky and you were their first client. I think you get the picture. IF you have experience then you should know how saturated your area is or isn't.
I'm not trying to be rude to you. But too many people come here for the same answers and never lift a finger to figure it out. There are so many wannabe's but only on their terms. If you are really interested you will take it further than this. Start with a marketing plan and go from there. I don't know too many successful business people that didn't.
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