Non performing notes.

[Jaroslav Hlinka]

Good morning everyone.My name is Jaroslav Hlinka from New York and I live on Staten Island.My big dream is to become real estate investor.My biggest concern is to start investing in non performing notes.Few days ago,I have purchased my first a non performing note for,$2000 with $60000 UPB and market value of the house was $69000.The property is in Illinois and Robbins ave.The best think was that my Ofer was accepted. After that I got scare I did not know if that area is good,and main worry was how to contact home owner after contract will be sing up. I cancel transaction. What a idiot property is gone. I am asking for help. Is there enyone in my area who is investing in notes, that can help me to move forward I can pay for advise.Thank you.

[Jay Hinrichs]

@Jaroslav Hlinka as a beginner with no experience you could not have picked a more complicated way to invest.. although your Risk is nothing up front a small amount like 2k.

but a couple of small things

1. Illinois has very long and drawn out and costly foreclosure process.  Look for states that are deed of trust states with short foreclosure times.. IE   GA  MS  TX  CA  etc.

2. Network with those in the business I am sure there are some sort of meet ups there In NY.. And NY is also one of the worst states to try to foreclose in.