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All Forum Posts by: NA Braithwaite

NA Braithwaite has started 0 posts and replied 2 times.

Post: Charter Financial of Houston Texas

NA BraithwaitePosted
  • Investor
  • Connecticut
  • Posts 2
  • Votes 0
Quote from @Dustin Mathenia:

@Don Konipol

I'm new to this whole note investing side of real estate. My question is if I created a note let's say a 90k note at 9.25% 20 years total on a SFR worth 110k preforming well for 12 months what could I sell that note for and how hard/easy would it be to sell?


 Hi Don,

I'd imagine you could get very close to the upb on the note say 75%-90% upb based off of a few factors, such as borrowers credit and value of asset. I do realize that the climate has changed since this question was posted, however, selling a note in good standing in these times should not be too difficult. 

Post: Charter Financial note business?

NA BraithwaitePosted
  • Investor
  • Connecticut
  • Posts 2
  • Votes 0
Quote from @Richard B.:

Hello,

I am gaining interest in the note buying business and just wondering has anyone here ever heard of Charter Financial by Leland von Syring. If so, have you tried the course and gotten any results. I searched the forum but surprised that I couldn't find not one mention of it. I did purchase the course about a year ago but quite honestly it's just been sitting around collecting dust because I really didn't want to invest my time and energy into something like this that I wasn't 100% confident about. So I'd really like to hear if some members here have tried the course and made some money. Thanks in advance for your feedback.

 I enrolled in the note course about 3 years ago. It's a good introductory course into the business,  but it's pretty basic.  They do have a good team that handles the closing process very efficiently.   Making connections to find good deals in the note space, I have found has been a little tricky.  They offer leads ( for sale) through direct mail which I will try next and see how things go.  I have already had some experience with notes starting with npn prior to enrolling in the course. I was only able to broker one deal since since registering,  but to be fair I haven't been too active in the space.  When brokering it's important to find leads that match the buyers' preference.  I primarily delt with non- performing 2nds, they prefer performing 1sts, so it's definitely a different animal,  but manageable.  Also I would like to add that they make good on reimbursements as you close deals, like they state.