Don Konipol

[George Dean]

I thought this needed its own post: Don said in a post...: thanks Don for your expert input on BP. "The notes secured by owner occupied property have many strings attached, laws, regulations, etc. most far reaching with severe penalties for non compliance.  Unless you are willing to become an expert on Dodd Frank, the Consumer Finance Protection Bureau, state homestead laws, state foreclosure laws relating to consumer loans and Federal Bankruptcy homestead protection," Aren't there companies/professionals you can outsource the compliance issues? Mortgage services. Mortgage originators. Etc "I would suggest investing only in notes secured by commercial or investment real estate.  The yields are higher, the regulation is significantly less, the judicial system is kinder to the lender,  and the deal is less emotional. " I'm guess you lose the emotional equity in commercial deals. What percentage of NPN are commercial?? Any more advice on commercial notes?? Thanks George.