Seller Finance Exit Strategy Case Study
Monday, May 28
Why I bought the assetOn Feb we decided to buy a vacant Duplex in Dothan AL, from a source we buy non-performing land contracts.I liked that the realtor felt we could get a quick sale of the property and from my personal walkthru I didn’t feel the property needed much to be in rent ready conditio...
Buying 6 non-performing notes
Monday, May 14
On April I received a list of non-performing notes a hedge fund had for sale. I immediately identified assets I have not seen in the tape.I copy the tape to my calculator and make a quick bid for 4 assets on the same day.After reviewing the rest of the new assets I put in a bid for an additional ...
Eight reasons why NOT to buy a note
Monday, February 19
When we get a list of non-performing notes we need to weed out the ones that don't fit our investment criteria. We go thru several steps. The main reasons we discard notes are1. Location. If the asset securing the note is located in a city or state in which we don't have a team in place or at lea...
Preferred exit strategy for Non-performing loans
Monday, July 03
Investing in notes is a multi-exit investment. Depending on the borrower, property, title and collateral condition one ends up with one of an array of exit strategies. During the due diligence phase, we get a general idea of where the deal is going to end up in, but we never know for sure until w...
How we got the house before the brokers knew it existed!
Saturday, June 03
This is the story of how we got title to a house before the brokers ever heard about it!On Feb 14, 2017, we acquired a note secured by a house in Cleveland OH. The note was in a foreclosure process and had a Sheriff’s Sale dated for Feb 27, 2017.You may wonder how the Sheriff’s Sale would work on...
From your previous employer 401k to your new Self-Directed IRA
Tuesday, May 02
You’ve changed jobs and now have funds stuck in the 401k with your previous employer. You wish to make a better return and have more control over your retirement funds. What can you do?I have a very good friend that has a 401k from a previous employer of more than a decade ago, and as many people...