All Forum Posts by: Cameron York

@Kevin Moen Thank you for the reply and I see your point as I would ruin my chance of future relationships If I introduce myself with no Capital or knowledge. But if i could pick your brain for a bit, what if I did have the knowledge and the right money figures to obtain thus notes but dont have any notes or portfolio to back me up. What would be the best route to take then on acquiring more cleaner assets? Would it be better to go through joint ventures still? and how did you acquire the tapes/pools when you started investing if you don't mind me asking.

Thats awesome to hear and very insightful as it is very helpful that such a program exists. I watched a live webinar of Brecht explaining the service and I definitely see how helpful it can be regarding who has notes/assets to sell. And if I remember correctly, the service also helped identify if they were performing or non performing. But going off of that, I have been curious and have been asking around as to what best way to acquire these notes because even though it may be apparent that their are notes that I would like to acquire, I still have to develop a relationship with whoever is in charge of the notes whether it is a bank or credit union. 

Brecht gave wonderful advice and mentioned to go for the smaller/local banks when getting started like local credit unions. But I am getting told and/or getting comments that are basically saying that I would need to be worth/have a large sum of money to even be taken seriously even get my offer in (and while I do have Investors and money to invest,how true to a degree is that?)  I made an account for Distressed Pro and am currently looking into its training program and how to go about that but was also wondering if DistressedPro is a highly advised route for buying your first notes or is better down line when you have the money and portfolio to talk to banks? 

I was wanting to know if anyone had used Distressed pro and how their experience is with it? Are they the best service for acquiring notes? Are there more preferred services?

Yeah I see your point as banks only care with high money involved, but I hear there are ways to get around that if you know the right ways and are willing to do so. But you could most definitely be right and if so then what is your preferred method? 

Real estate note investing is a all about relationships with investors, banks, etc. So What I would like to know is what is your way of acquiring these notes? how do you personally contact banks/investors? What are the best routes? Any secret techniques that maybe the average investor just doesn't think of? Im open to all/different advice/tips from anyone who is willing to shed some of their note investing knowledge. 

On the subject of non performing notes, When discussing and implementing a loan modification with the borrower, are there usually state laws or regulations (In general and/or at all) that come into play and how much do they affect loan modifications or if at all? does it widely differ regarding which state the property is in? and if so, where can you read these regulations?

Ok, thank you for replying so quickly. I am currently listening to note MBA (which is very helpful) and am very interested in Scott Carson and other note experts so I will definitely be checking them out. While on the subject of non performing notes, When discussing and implementing a loan modification with the borrower, are there usually state laws or regulations (In general and/or at all) that come into play and how much do they affect loan modifications or if at all? does it widely differ regarding which state the property is in? and if so, where can you read these regulations? 

I know that every situation is different regarding who the borrower is and the foreclosure regulations regarding the location, but I was wondering how often it happens and how the process usually pans out when purchasing a non performing note (whether a failed loan modification or initial purpose for foreclosure) and issuing a foreclosure. Is it painful and is often like pulling teeth? how do bankruptcies affect a foreclosure? how long does it typically take? is it advised?