Eddie Speed 



Bid4Assets - Your Internet Market for Government, Bankruptcy, and Foreclosed Assets

 

 

Beginning his career in 1980 as a note buyer and is currently President of Colonial Funding Group, LLC. He has introduced a number of innovations that have changed the way the industry operates today. His experience in managing a 2 person shop to a operation, to one  with over 50 employees, and everything in between, gives him a unique perspective on what really works in the note business. With a lifetime volume of seller-financed notes topping $400 million, Eddie holds the distinction of brokering/reselling more notes than any other individual in the business. 

In fact, because of this experience, many A-list corporate real estate investors such as Homevestors of America (the “We Buy UGLY Houses” guys) turn to Eddie for assistance in developing owner-financed note systems.  

After many years of purchasing seller financed real estate notes from a myriad of real estate investors including property rehabbers, land developers and builders etc., Eddie realized that there was a great need to help those investors properly construct a sound seller financing program for their business. Beginning with common sense underwriting of the buyer and showing the investor the proper way to structure the note, Eddie also shows the investor how to create attractive loan to value scenarios and most importantly helps the investor understand the importance of using RESPA and TILLA documentation.

One of Eddie’s great strengths has been his focus on the marketing plan. Eddie has spent literally millions of dollars on marketing throughout the years and based on all that pioneering data, he knows what actually works and what just sounds like a good idea. With his candid, tell-it-like-it-is style, Eddie is a popular speaker at conferences and real estate events throughout the country. He has also been featured in numerous industry articles, along with radio interviews surrounding the release of his new book, “Streetwise Seller Financing.” With almost 25 years practical experience in the business, Eddie understands the challenges and rewards of being a real note buyer.

Additionally, Colonial has developed the largest and by far most complete broker mentoring program. Industry professionals who have trained under Eddie reads like the who’s who list of the note business. He has given them the skills and marketing savvy they need to succeed in this exciting business.  

 

                                            

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