The Paper Source, Inc. was founded in 1987 by W. J. Mencarow and his wife and business partner Alison. He and Alison have been cash flow note investors since 1981. He is the editor of THE PAPER SOURCE JOURNAL and she is the publisher.

In addition to numerous articles in THE PAPER SOURCE JOURNAL and other publications, he is the author of the guidebooks “How To Get Started In Notes Without Using Your Own Funds,” “Almost Everything That Could Go Wrong With A Note and How to Prevent It” and several seminars. He has received every award the cash flow note industry offers:  the  Founder´s Award for starting the first nationwide cash flow publication and first industry national convention; the Noteworthy 2010 Industry Achievement Award;  Metropolitan Mortgage Notye Industry Hall of Fame and the Mortgage Report Hall of Fame.