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Updated over 7 years ago,

User Stats

11
Posts
1
Votes
JuanAntonio Ceballos
  • Wholesaler
  • Kingsburg, CA
1
Votes |
11
Posts

Trying to understand how to brake it down and make a good bid

JuanAntonio Ceballos
  • Wholesaler
  • Kingsburg, CA
Posted

Hi  everybody,

I'm brand  new  to Notes and  want to know how you guys  bid  on notes  when you get  a Tape.

I know  you have to have  your Criteria,  so first  thing  weed out the bad ( what  you don't want).

What  next >??

This  is what  I See

Example: OH

Original LB $50,890      Year Sold 11/15/14 for $52,350 last payment date 4/25/17

Amortized LB $50,735.70

Y Built 1960  B/B 4/1   rate 9.9    term 360   Maturity 2044

I looked on Zillow and it gives me the FMV or Zestimate of $83,024

I know it  looks  like a  scrambled puzzle  with missing pieces but  where do I start putting the pieces together  to reach a reasonable bid??   

Very much appreciate your feedback