Business Opportunities - Wes State Mortgage

ProgramCritique.com Review:

Wes State Mortgage is a note-brokering firm that claims to be successful at brokering and training. Wes State Mortgage Inc are into commercial loan brokering for several years and they offer a note-brokering program that they claim is just what you need to get started and running in the note business. Unfortunately, despite their emphatic claims, the effectiveness of any such program remains suspect. According to their own statement, Wes State Mortgage has been in business since 1976 and has closed loan deals worth millions of dollars. Their offices are situated on a large owner-occupied facility and they are said to have highly experienced loan-brokering employees. The company was started by George Ropchan and is currently involved with commercial real estate loans starting at $100,000.

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Like many other training companies, Wes State sells a Note-Brokering program. This program gives customers the low-down on profiting in the cash flow business. Some similar ‘amazing’ programs include Winning in the Cash Flow Business, ACFC, and ACFI. One of the things to be wary about in these programs is that none of them tells you about the dark side of the cash flow industry. It is true that the cash flow industry does billions of dollars worth of business but it is also true that it is highly competitive. You as a small note-broker will see competition from other individual brokers like you as well as large and established financial firms like banks, pension funds, and investment houses. Getting the training will help you get nowhere close to any success. You should have the ability to withstand extreme competition, high risk, and get lucky enough to land a few distressed people in need of selling a financial note. The whole idea of note brokering is that you buy it at a lower price and sell it at a higher rate.

Apart from all these genuine business risks, you cannot even trust the integrity of these training material sellers. Wes State for one sells a $149 course and gives you access to a database of national note brokers. One wonders if the database is accurate especially since whoever has it is more likely to use it themselves rather than sell it as part of a course. With their experience in commercial loan brokering, Wes State might be able to give you some guidance on the note business. However, the only thing that can make you successful is a lot of hard work, perceptiveness, and may be just luck.

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