Keyhole Financial

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Things You Should Know About
Our Private Mentorship Program

The concept is simple. Commit to purchasing either three or five second mortgage notes within a six-month period and split the profits with us. In exchange, you’ll have access to mentors who will work by your side answering questions, strategizing ideas and keeping you focused on what’s important. This one-on-one experience is invaluable and something that will give you the confidence and knowledge you need as you enter the second mortgage note space.

Frequently Asked Questions

What’s the difference between buying a three-note or a five-note mortgage?
It comes down to money and odds. Money in that we estimate if you’re participating in a three-note program, you’ll spend around $20,000 to $25,000. With a five-note program, it’ll cost between $35,000 to $45,000.  We recommend a five-note program because if one of the notes goes bust, you have four other notes to keep up your odds.  With a three-note program that’s not the case. If one note goes bad, that’s 1/3 of your portfolio.

You can also commit to a ten-note program where the profits are split 70% going to the student and 30% going to us. Once you’ve made back your initial investment on all the loans, the profits are split, 50%-50%.

Do I have to take the course in order to participate in the Private Mentorship Program?
Yes, you have to have taken our flagship course, The Business of Investing in Distressed Second Mortgages in order to participate in our Private Mentorship Program.


How much are the notes?
You can buy a second mortgage note anywhere from $2,000 up to $200,000. However, most of the notes you’ll buy will be between $5,000 and 10,000.

How long is the fund?
The fund is five years for each note purchased. Most funds don’t last that long in that we usually sell the notes once they become performing, which is usually within 2-3 years.

How long do I have to buy the notes?
We request that you purchase your notes withing six months. However, sometimes there may not be enough quality notes around to purchase and we may extend the period.

Do you help with buying the notes and do I have to buy the notes from you?
You can either buy the notes from us or anyone else. The important thing is that we buy quality loans.

Who owns the mortgage notes?
The loans purchased are in your name and we are consultants that you have an arrangement with. We suggest you create an LLC.  Please make sure you check with your lawyer and accountant before you start.

What are my responsibilities throughout this mentorship?
It’s extremely important to remember that “we already know what we’re doing”. You’re here to learn. We know you have other responsibilities and are more than willing to pick up any slack. However, you must commit the time needed to do your share.

How are the profits calculated?
Profits are calculated on a 50/50 basis for each loan after we subtract what you paid for the note and all the expenses. For instance, if you paid $3,000 for a loan and spent $1,000 in expenses and the loan was sold for $10,000, the net profit would be $6,000, which would be split between each party. If the borrower pays $400 for their monthly mortgage, you’d get $200 and we’d get $200.

What happens to any notes leftover when the fund is over?
When the fund is over, you’ll have the right of first refusal to buy the notes and if you don’t want to purchase them, we’ll have the right to buy them. If we don’t want to buy them then we’ll put them all up for sale and split the remaining profits and then close out the fund.

Can I start buying notes on my own during this mentorship?
Absolutely. You can start buying your own notes anytime if you fulfill your commitment to our program.

What if I want to continue working with your team after the program?
We have several students who want to continue our working relationship. We come up with a percentage split based on the number of loans they commit to.


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