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All Forum Posts by: Account Closed

Account Closed has started 26 posts and replied 88 times.

Post: How do you tell if a note is a good investment?

Account ClosedPosted
  • Consultant
  • Phoenix, AZ
  • Posts 152
  • Votes 23

Where do I get a spreadsheet?

Post: How do you tell if a note is a good investment?

Account ClosedPosted
  • Consultant
  • Phoenix, AZ
  • Posts 152
  • Votes 23
I mean NPV. What is the IRRR?

Post: How do you tell if a note is a good investment?

Account ClosedPosted
  • Consultant
  • Phoenix, AZ
  • Posts 152
  • Votes 23
Lol. NVP

Post: How do you tell if a note is a good investment?

Account ClosedPosted
  • Consultant
  • Phoenix, AZ
  • Posts 152
  • Votes 23
Would the NVP be positive at $1,964.16?

Post: How do you tell if a note is a good investment?

Account ClosedPosted
  • Consultant
  • Phoenix, AZ
  • Posts 152
  • Votes 23
MI River Rouge Present value $37,000 Total cost $12,000 LTV 32% Interest rate 15% 24 pmts $581.84 My calculator doesn't have what you are saying. How would this one figure?

Post: How do you tell if a note is a good investment?

Account ClosedPosted
  • Consultant
  • Phoenix, AZ
  • Posts 152
  • Votes 23
I am brokering notes similar to this one. This one is available. The seller will not discount. I'd like feedback please. How do you figure out if it's a good investment ? Performing Note 
Kansas City MO 
Price $25,200 
Selling 138 payments 
Buyback Option After 60 Months 
Value $140,000 
Current balance $35,687 
Original balance $37,000 
P & I $324.70 
Original term 360 
Remaining term 297 
Investment to value 26% 
Loan to value 36% 
Interest rate 10% 
Effective yield 10.35% 
Seasoning-Stellar - 53 Months 
Dodd Frank N/A 08/14/2012 
Projected rent $947

Post: Commercial and residential package

Account ClosedPosted
  • Consultant
  • Phoenix, AZ
  • Posts 152
  • Votes 23
I'm in contact with the seller of a package, a few stores, a restaurant, and 15 residential units. It's right in Phoenix and 2.65 acres, mismanaged and still operating at a 7.8% cap rate now. The price is low at 900k. It's old, a grade D property, but people live there, and it's cash flowing even with 5 units out of 24 vacant. My money partners, one says he can't afford it cause his money is tied up elsewhere, one says he only wants C & B properties, and one is talking with me more tomorrow about it. I'm thinking to buy & hold for a few years, then either tear down and build a multifamily or sell. I have no money to put in though, I'm willing to give a JV Equity partner 70%. It is a valuable piece of real estate. Could I get feedback and advice please?

Post: Refinancing houses under 50k

Account ClosedPosted
  • Consultant
  • Phoenix, AZ
  • Posts 152
  • Votes 23
I know a man who creates notes for 20k or less

Post: Commercial and residential deal in Phoenix

Account ClosedPosted
  • Consultant
  • Phoenix, AZ
  • Posts 152
  • Votes 23
I'm in contact with the seller of a package, a few stores, a restaurant, and 15 residential units. It's right in Phoenix and 2.65 acres, mismanaged and still operating at a 7.8% cap rate now. The price is low at 900k. It's old, a grade D property, but people live there, and it's cash flowing even with 5 units out of 24 vacant. My money partners, one says he can't afford it cause his money is tied up elsewhere, one says he only wants C & B properties, and one is talking with me more tomorrow about it. I'm thinking to buy & hold for a few years, then either tear down and build a multifamily or sell. I have no money to put in though, I'm willing to give a JV Equity partner 70%. It is a valuable piece of real estate. Could I get feedback and advice please?

Post: what strategy for $300K cash?

Account ClosedPosted
  • Consultant
  • Phoenix, AZ
  • Posts 152
  • Votes 23
I would put a down payment down on a Multifamily