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Updated about 7 years ago on . Most recent reply

User Stats

377
Posts
230
Votes
Martin Saenz
  • Investor
  • Fredericksburg, VA
230
Votes |
377
Posts

Non-Performing Mortgage Notes

Martin Saenz
  • Investor
  • Fredericksburg, VA
Posted

For those currently investing in non-performing mortgage notes, what is your target ROI 1st year and beyond?

Most Popular Reply

User Stats

428
Posts
322
Votes
Steve Hodgdon
  • Investor
  • Novato, CA
322
Votes |
428
Posts
Steve Hodgdon
  • Investor
  • Novato, CA
Replied

I find that the available NPN's are often bottom end properties with Zillow like BPO's. Had good and bad. Finding better control buying REO where I can see the inside before I buy. Seems we've crossed the line. NPNs aren't discounted enough below REOs to take the added risk of time to foreclose and property damage.

  • Steve Hodgdon
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