Course Description

THE BUSINESS OF INVESTING IN DISTRESSED SECOND MORTGAGES

Over 25 chapters with step-by-step instructions detailing how to invest in second mortgages. After taking this course, you’ll be well on your way to making money in this lucrative industry!

Hear What Our Students Think

"I've been interested in the note space for 15 years, but only after reading Sherman's book and going through his course did I have the confidence to begin buying non-performing notes for my own portfolio." - Chris Larsen Ashville, NC

"…overall I thought it was very good. The bankruptcy info was the best I've seen. The course was detailed and well organized. I liked the resources listed for each chapter. The information given was complete……I could go out and do this now." - Diane

"I signed up for the course, The Business of Investing in Second Mortgages. It’s a great course with an enormous amount of content and zeros in on the practical side of the business as well. I never knew there was so much detail that went into the due diligence process. I’m very glad I made the decision to invest in this course and am now ready to invest in mortgages." - Steve Holland Austin, TX

"As a student of Keyhole Academy, I find that I’m more careful and have more confidence in my selection of notes. After my experience with Keyhole Academy, I’m able to analyze notes quicker and with more confidence." - Kathleen Nguyen Poway, CA

"Keyhole Academy provided me with a detailed and practical guide to starting in the non-performing second notes business. They provided interactive quizzes that helped ensure that we understood the course material." - Sandor Lau Eugene, OR

"I especially like my one-on-one phone conversations with my professor. It gave me a chance to ask questions specific to my area of focus. I’ve also met a lot of great people through this program." - Michelle Ryder Chicago, IL

"The Keyhole Academy course is a great resource. I found it easy to follow, thought it had very detailed, step-by-step information on how to buy, work and modify mortgage notes. I picked up some great tips. Also, the Excel exercises were very well done – for anyone starting out in the business, your learning curve will be greatly reduced." - Lisa Lemire Philadelphia PA


"I always realized the huge potential for investing in notes. But, what I didn’t completely understand was how to find or evaluate notes. The Keyhole Academy education program taught me everything I needed to know to start investing in notes. I would have never gotten started if it wasn’t for them." - Arthur Botting Los Angeles, CA

Since 1998, under the leadership of Sherman Arnowitz, Keyhole Financial Services has managed thousands of distressed second mortgage notes and has continually paid out returns in excess of 20% to their private investors.In 2013, Sherman and his team created Keyhole Academy; an on-line education program designed to educate students interested in learning how to invest in the distressed second mortgage market.Keyhole Academy is unique in that they are the only company offering their students private, joint-venture mentorships. Every phone call made, letter written, and strategy implemented is done with a member of the Keyhole Academy team. The idea is to create and nourish a cooperative learning experience so our students can have the confidence to eventually start buying notes with confidence on their own.

Keyhole Academy

Sherman Arnowiz

Course curriculum

  • 01

    Intro

    • A Note from the President

    • PRIVATE MENTORSHIP AGREEMENT (For students participating in our Private Mentorship Program)
  • 02

    Chapter 1 - Mortgage Notes

    • Chapter 1 - Welcome to Mortgage Notes

    • Chapter 1 - Quiz
  • 03

    Chapter 2 - Where and How to Find Seconds

    • Chapter 2 - Where and How to Find Second Mortgages

    • Chapter 2 - Quiz
  • 04

    Chapter 3 - Due Diligence: Working With Data

  • 05

    Chapter 4 - Due Diligence: Phase 1 - Formatting Loans

  • 06

    Chapter 5 - Due Diligence: Phase 2 - Eliminating Loans

    • Chapter 5 - Due Diligence - Phase 2 - Eliminating Loans

    • Chapter 5 - Due Diligence: Phase 2 - Eliminating Loans

    • Chapter 5 - Due Diligence - Phase 2 - Eliminating Loans
  • 07

    Chapter 6 - Due Diligence: Phase 3 - Pricing Loans

    • Chapter 6 - Due Diligence - Phase 3 - Pricing Loans

    • Chapter 6 - Due Diligence - Phase 3 - Pricing Loans

    • Chapter 6 - Due Diligence - Phase 3 - Pricing Loans
  • 08

    Chapter 7 - How to Read a Credit Report

    • Chapter 7 - How to Read a Credit Report

    • How to Read a TransUnion Credit Report

    • How to Read an Equifax Credit Report

    • How to Read an Experian Credit Report

    • CBC-How to Read a Credit Report

    • Chapter 7 - Quiz
  • 09

    Chapter 8 - Negotiating the Deal

    • Chapter 8 - Negotiating the Deal

    • Letter of Intent Template

    • NCND Agreement

    • Broker Fee Agreement

    • Chapter 8 - Quiz
  • 10

    Chapter 9 - Closing and Funding the Deal

    • Chapter 9 - Closing and Funding the Deal

    • Purchase and Sale Agreement (PSA)

    • Chapter 9 - Quiz
  • 11

    Chapter 10 - After the Purchase: Preparing Loans

    • Chapter 10 - After the Purchase - Preparing the Loans

    • Collateral Documents Checklist

    • RESPA Letter - Sample

    • Welcome Packet - Sample

    • Welcome Letter Sample

    • ACH Form - Sample

    • Homeowner Authorization Form - Sample

    • Lost Note and DOT Reconveyance - Sample

    • Servicing Transfer Letter - Sample

    • Chapter 10 - Quiz

    • Reviewing the Collateral Material
  • 12

    Chapter 11 - After the Purchase: Assignments

    • Chapter 11 - After the Purchase - Assignments

    • AOM Sample

    • AOM Template

    • Assignment of Mortgage Form

    • Allonge Sample

    • Lost Assignment Affidavit Template

    • Satisfaction of Mortgage Template

    • Chapter 11 - Quiz

    • Filing an Assignment of Mortgage
  • 13

    Chapter 12 - Fair Debt Collections Act

    • Chapter 12 - Fair Debt Collections Act

    • FDCPA Guide

    • FTC - Debt Collection

    • Chapter 12 - Quiz
  • 14

    Chapter 13 - Mortgage Loan Software

    • Chapter 13 - Mortgage Loan Software

    • Chapter 13 - Quiz
  • 15

    Chapter 14 - Servicing Your Accounts

    • Chapter 14 - Servicing Your Accounts

    • Life Cycle of Loans

    • Temporary Loan Adjustment Agreement

    • Settlement Offer Letter

    • Chapter 14 - Quiz
  • 16

    Chapter 15 - Using a Servicing Company

    • Chapter 15 - Using a Servicing Company

    • MLS 50 State Specific Licensing Table

    • Chapter 15 - Quiz
  • 17

    Chapter 16 - Bankruptcy 101

    • Chapter 16 - BANKRUPTCY 101

    • Bankruptcy Glossary of Terms

    • How to File a Motion for Relief of Stay

    • Proof of Claim Form

    • Transfer of Claim Form

    • Understanding Bankruptcy with Attorney Daniel Singer

    • Bankruptcy 101 with Daniel Singer

    • Chapter 16 - Quiz
  • 18

    Chapter 17 - Foreclosures 101

    • Chapter 17 - Foreclosures 101

    • Foreclosure Process - State by State

    • Foreclosure Time Frame by State

    • Chapter 17 - Quiz
  • 19

    Chapter 18 - Skip Tracing 101

    • Chapter 18 - Skip Tracing 101

    • Skipt Tracing 101

    • Skip Tracing Seminar

    • Working with County Records - Netronline.com

    • Chapter 18 - Quiz
  • 20

    Chapter 19 - Loan Modifications

    • Chapter 19 - Loan Modifications

    • Loan Modification Agreement Sample

    • Temporary Loan Adjustment Agreement

    • Filing for What's Been Forgiven in a Loan Modification with the IRS

    • Chapter 19 - Quiz
  • 21

    Chapter 20 - Managing a Portfolio

    • Chapter 20 - Managing a Portfolio

    • Chapter 20 - Quiz
  • 22

    Chapter 21 - Evolution of a Portolio

    • Chapter 21 - Evolution of a Portfolio

    • Evolution of a Portfolio - One Year of Loans

    • Keyhole-Fund-Facts
  • 23

    Chapter 22 - Funding a Portfolio

    • Chapter 22 - Funding a Portfolio

    • Chapter 22 - Quiz
  • 24

    Chapter 23 - Presenting Your Company

    • Chapter 23 - Presenting Your Company

    • Chapter 23 - Quiz
  • 25

    Chapter 24 - Case Studies

    • Chapter 24 - Case Studies
  • 26

    Chapter 25 - Next Steps - What Next?

    • 25-Next Steps - What Next
  • 27

    Chapter 26 - Workout Strategies

    • Workout Strategies
  • 28

    Chapter 27 - Glossary of Terms

    • Chapter 27 - Glossary of Terms
  • 29

    Chapter 28 - Industry Links

    • Chapter 28 - Industry Links
  • 30

    Final Exam

    • Final Exam

Reviews

Chris Gredig

5 star rating

“Informative, helpful and easy to follow. Great job!”

“Informative, helpful and easy to follow. Great job!”

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Ramandeep Thakral

5 star rating

“I have thoroughly enjoyed taking this course. It was very well designed and contains easy navigation. It has great content required by anyone starting or thinking about investing in distressed second mortgages. I liked the quiz at the end of eac...”

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“I have thoroughly enjoyed taking this course. It was very well designed and contains easy navigation. It has great content required by anyone starting or thinking about investing in distressed second mortgages. I liked the quiz at the end of each chapters which recaps what you have learned from the chapter. The course also contains examples from the real world which is a great plus feature. On the improvement side if the course can include some real world examples of on how the pricing is done on some of the actually purchased loans that would be great. Ramandeep ”

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Brock Mason

5 star rating

“This course is exactly what I was looking for, the nuts, bolts and how to mechanics on investing in distressed second mortgages. I have done a lot of self education over the past year, podcasts, books, conventions, webinars, but they will only tak...”

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“This course is exactly what I was looking for, the nuts, bolts and how to mechanics on investing in distressed second mortgages. I have done a lot of self education over the past year, podcasts, books, conventions, webinars, but they will only take you so far. This puts you beyond the general principles. Great value! Brock Mason,”

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Francis Durso

5 star rating

“This course has exceeded my expectations and I would recommend this for anyone who is contemplating entering the note business. The course was packaged in a linear fashion from start to finish in such a way that even though there was a large amou...”

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“This course has exceeded my expectations and I would recommend this for anyone who is contemplating entering the note business. The course was packaged in a linear fashion from start to finish in such a way that even though there was a large amount of information it was easy to process. Most courses offer a great amount of theory but lack the information needed to implement the theory. This course succeeded in both areas and in two short months we have been able to purchase three notes and are thrilled to be in this business. Sherman has been there when we were stuck and needed advise but also pushes you to act on your own so that you are learning the skills needed to be successful. Thanks again!”

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Karan Narang

5 star rating

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Patrick Bournes

5 star rating

“The whole program was well thought out and executed. The modules were specific, focused and made in a logical sequence. Because the chapters were broken up into easily digestible lengths, I never felt overwhelmed. Great links were included fo...”

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“The whole program was well thought out and executed. The modules were specific, focused and made in a logical sequence. Because the chapters were broken up into easily digestible lengths, I never felt overwhelmed. Great links were included for industry contacts and referenced materials. Overall rating = excellent. ”

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Kenneth Younger

5 star rating

“"The Business of Investing in Distressed Second Mortgages" course is a great wealth of wisdom and knowledge. You have twenty-six chapters to learn from and what's so unique about the course is it builds the story about the note to help you to mak...”

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“"The Business of Investing in Distressed Second Mortgages" course is a great wealth of wisdom and knowledge. You have twenty-six chapters to learn from and what's so unique about the course is it builds the story about the note to help you to make a sound buy decision. I reviewed several chapters three to four times just to understand the desired note story and possible risk. Sherman, your course will be my blade sharper for a long time.”

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Frank Toth

4 star rating

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LEARN HOW TO BE A MASTER INVESTOR OF NOTES WITH THESE ADDITIONAL COURSES!

  • Keyhole Academy Private Membership Special

    $2,995.00

    Buy Now

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