All Forum Posts by: Jeff Smith

@Sam Meador call Hanna Insurance and ask for Loren.

@John Claborn Just my .02$ here but if the garage is converted, take a real hard look ar your comps and make sure that you're comparing with other properties that do not have a garage or houses that have had garages converted to come up with the ARV price.

Look for contractors who are hungry and negotiate a better price is 1 way to save money on the reno. Also list the property for a flat fee and you could save 3% of the selling commissions. 

I also agree with @Greg H. about using tax appraisal numbers to base a buying decision. 

And I agree with @Garrett Lambert about garage conversions being both good and bad. If its in a neighborhood thats medium income and a lot of rentals then its fine, if its in a nicer upper class neighborhood then convert it back to a garage. 

Best of luck..

Hey AJ,

I'd be interested in this one, call me to discuss it. I'm usually up late or in the morning. My contact number is on my profile.

@Jay Raught I dont know if they're different or not. But I do have some loans boarded with Peak Corporate Network.

http://www.peakservicing.com/b2b/home/

I came to this thread because I am unhappy with my note servicer. 

I am using Peak Corporate Network. 

I like all that they offer which is

Standard Servicing $35 includes:

Customer Service

Payment Processing

Monthly Statements

Credit Reporting

Escrow Impounds

Investor Reporting

Arm Loan Adjustments

Late Notices

Maturity Letters

Default Servicing (Non Performing) $85 includes all the above as well as:

Loss Mitigation Repayment Plans

Loan Modifications

Short Sale Processing

Deed in Lieu

Collection Calls

Breach Letters

Foreclosure Prep & Referral

Bankruptcy Referral & Monitoring

Foreclosure Sale Bids

REO-Eviction Processing

Im not real excited about their pricing and I wonder if they're are other companies who do the same job for a lower price. However, the main reason I am unhappy with them is because the customer service is terrible. Its takes days to get a email returned (if it gets returned at all) I call and leave voicemails and dont get any returned calls, my borrowers have reported to me that they cannot ever get straight answers or solutions, It takes 30 to 45 days to receive my money. Its been over 6 weeks trying to get a expired insurance policy paid without any success. All the original people who I started out with have been moved to a different position or moved on to other opportunities. 

Im giving them a very low score and can say I do not recommend them.

Im trying to find out through the experience of all seasoned note investors, what website or who you recommend, is the best note buyer? Meaning who offers the best price and is fast. I know some take like 2 to 3 months and thats just too long. Any suggestions would be great. I have one I need to move fast on.

They can be very profitable if you know what your doing. 

Go buy some books on mobile home investing written by Lonnie Scruggs 

He is the guru's guru on mobile home investing.  But only if you can keep focus 

on your wholesaling task at hand (remember what we talked about).

@Mario Walker Welcome to Lubbock and BP. Lets connect

I have a wholesale property in Lubbock that's a 3/1 that has a apartment in the back. $79,900 ARV is $120k to $135k house is mostly already remodeled with just a few things left. Apartment needs some attention but had great rental potential. Let me know if you're interested. Shital Thakkar and anyone else looking. Visit and connect with me here on BP and my website. lubbockcashflowproperty.com

I have a wholesale property that's a 3/1 that has a apartment in the back. $79,900 ARV is $120k to $135k house is mostly already remodeled with just a few things left. Apartment needs some attention but had great rental potential. Let me know if you're interested.