All Forum Posts by: Derek Petersen

Read the purchase contract. In Cali, he can definitely cancel the contract for many reasons. He needs to sign some paperwork and return your EM. I can't believe a lawyer would tell you that you have a strong case. You will need to renegotiate the deal and don't give a dime to a lawyer.

You can also look at the subject from a tax perspective when trying to decide. I personally believe that the ROTH 401K or ROTH IRA is AWESOME. My take on this is to invest in real estate like a drunken sailor in the dips, as real estate becomes more expensive throughout the recovery save as much money in your ROTH and pre tax as possible and buy mortgage notes and do hard money lending deals and save cash for the next collapse. As long as the man doesn't go after our retirement accounts, having a tax free ROTH getting 10-15% looks brilliant to me. For the cash flow investor, it's all about having different income buckets. So my point is use both of them; save as much as you can in a ROTH 401K, invest in funds with the lowest annual fees, and when you switch jobs move the money to a self directed account and invest in notes.

Expert Panel:
"How The Professionals Are Investing"

7:00 PM, Thursday, December 8, 2016
(Networking starts at 6 PM)
$20/person

Shadowridge Country Club

1980 Gateway Bay Drive
Vista, CA 92081

Are you curious what the active professionals are doing day in and day out while running their note business? We've invite a panel of 3 professional note investors to share their expertise and experiences from 2016 and how they plan to run and build their business in 2017. We'll have open networking before the event to meet other investors and future investors from throughout Southern California and an open question and answer session at the end for attendees to ask the panelists questions about their experience and business. This panel is only hosted once a year and it tends to be one of the most informative meetings we host. We hope to see you there!


Here's our panel:

Gerald Lemoine: As an experienced note investor, Gerald is an expert at acquisition, management and liquidation of performing and non-performing notes nationwide. To date, he has been involved in the acquisition and resolution of over 500 notes with a unpaid principal balance (UPB) of $65 million. With an emphasis on Partnering and Joint Ventures he has achieved success in raising capital and producing impressive returns for his partners. Gerald has been involved in real estate since the late 1990’s, first as a developer, then later with rentals and the purchase, rehab and sale of investment properties. Prior to the real estate business, Gerald was a project manager for a global heavy industrial general contractor.

Matthew Kelley: Matthew Kelley is the Supervisor of a specialized foreclosure unit, Special Default Services, within Trustee Corps based in Irvine, California. He represents many of the top mortgage companies, Credit Unions, Law Firms and investors throughout the United States. Presently, Matt manages an elite foreclosure unit providing default services to private beneficiaries, commercial lenders and all high liability foreclosures within states serviced by Special Default Services and Trustee Corps. As a guest lecturer and seminar provider, he has advised some of the largest mortgage servicing companies and beneficiaries throughout the United States. On many occasions Matthew has been called upon as an expert witness in the fields of foreclosure, default and loss mitigation. Beyond supervising Special Default Services at Trustee Corps, he is the Asset Manager for Notes on www.bidbiddirect.com.

Ian McColl:After owning a streetwear clothing label through the ‘90s, Ian became a mortgage broker and aggressively bought properties and land through the real estate upturn. After the crash, Ian bought residential foreclosures at the courthouse steps, rehabbed the properties and remarketing them. Since 2009, he has specialized in buying non-performing notes. Ian's company, Surfinvestor Inc., has developed a strong niche market buying non-performing seconds and doing creative workouts with the borrowers. Surfinvestor Inc holds its performing notes long-term for great cash flow. They are also currently obtaining residential properties through foreclosure and keeping them as rentals.

BONUS: We will raffle a free 15 – 30 minute private telephone consultation with the speaker of your choice on any subject you want. 6:00 - 7:00 pm Check-in, Networking, Refreshments
7:00 - 7:15 pm Intro, News, Announcements
7:15 - 9:00 pm Panel Discussion and Q & A

Don't forget to sign up for SDNI meetings under:
http://www.meetup.com/San-Diego-Note-Investors-Meetup/
You will get early e-mail notification of meetings when you sign up as a member of this meetup group.

We’re looking forward to seeing you at the San Diego Note Investors Meetup!

Meetup Note: The San Diego Note Investors invite experienced investors and note industry professionals to discuss all areas of the real estate note business. Our goal is to facilitate education and networking between note investors, new and experienced. If you've been a real estate investor, the world of notes is a natural progression for you. Learn why other strategic real estate investors are adding the cash flow provided by real estate backed notes to their portfolio.

Copyright © 2016 Zuridia Capital, All rights reserved.
Hi! Gary Chung here.

Our mailing address is:Zuridia Capital

825 College Blvd

#102-155

Oceanside, Ca 92057
Add us to your address book

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We are a group of buy and hold investors in north county, San Diego that get together monthly to discuss the deals we're working on, challenges we're facing, and portfolio strategies. Please contact me if you're interesting in attending future meetings.

The only semi requirement is you need to own at least one investment property and are looking to share with others.

Loan Due Diligence and Loss Mitigation Kristyn Bolin
(Capstone Funding Group Inc)


7:00 PM, Thursday, November 10, 2016
(Networking starts at 6 PM)
$20/person

Shadowridge Country Club

1980 Gateway Bay Drive
Vista, CA 92081

Hello Fellow Note Investors!

This month, we welcome Kristyn Bolin, asset manager and workout specialist, to discuss loan due diligence and loss mitigation

About Thursday's Meeting:

-How to conduct pre and post funding due diligence on loans
-Introduction to loss mitigation strategies
-How to appropriately handle loan modifications

About Kristyn:
Kristyn was born and raised in San Diego, California and studied at Grossmont Community College and San Diego State University, and has worked with industry leading companies such as BNC, Lehman Brothers, Accredited Home Lenders, WAMU and Chase. She has an extensive background in Procedure Writing, Training Facilitating, Processing, Underwriting, Loss Mitigation, Loan Servicing, Mediation, Bankruptcy and Foreclosure. Coming into the industry in 1998 as a loan processor, she quickly moving up in the ranks to Management. In 2007 due to market trending she transitioned to Servicing and Default for Chase Home Finance. During the 7 years at Chase she spent 3 years as a corporate Trainer specializing in Income and Underwriting. The remaining 4 years was spent in Loss Mitigation and overseeing the Active Bankruptcy Portfolios on all platforms.

Map: https://goo.gl/maps/889Pq

BONUS: We will have a drawing for a free 15 – 30 minute private telephone consultation with the speaker on any subject you want.

6:00 - 7:00 pm Check-in, Networking, Refreshments
7:00 - 7:15 pm Intro, News, "Haves and Wants" and Deal Profile
7:15 - 9:00 pm Main Speaker

You will get early e-mail notification of meetings when you sign up as a member of this meetup group. Just go to www.meetup.com and search for San Diego Note Investors (www.SDNoteInvestors.com)

We’re looking forward to seeing you at the San Diego Note Investors Meetup!

I'm looking for a bookkeeper/office assistant that can assist our growing real estate business. 10 hours a week needed at this point, but role will be expanding for the right person.

Hello Fellow Note Investors!

This month, we welcome Noel Scruggs, non performing note investor, to discuss unsecured debt

About Thursday's Meeting:

-How to evaluate and purchase unsecured loans
-When to enforce a secured mortgage against a borrower personally
-Case studies of loans that have gone well and loans that have gone poorly
-Considerations when proceeding with loss mitigation on unsecured loans

About Noel:

A graduate from University of California San Diego, Noel has been a full time real estate investor since 2012. His company, Avant Capital LLC, has purchased mobile home parks for a combined size of 119 lots, and has purchased 163 non performing loans. Avant Capital specializes in purchasing troubled non performing notes that have value that others are unwilling or unable to unlock.

Map: https://goo.gl/maps/889Pq

BONUS: We will have a drawing for a free 15 – 30 minute private telephone consultation with the speaker on any subject you want.

6:00 - 7:00 pm Check-in, Networking, Refreshments
7:00 - 7:15 pm Intro, News, "Haves and Wants" and Deal Profile
7:15 - 9:00 pm Main Speaker

You will get early e-mail notification of meetings when you sign up as a member of this meetup group. Just go to www.meetup.com and search for San Diego Note Investors (www.SDNoteInvestors.com)

We’re looking forward to seeing you at the San Diego Note Investors Meetup!

Meetup Note: The San Diego Note Investors invite experienced investors and note industry professionals to discuss all areas of the real estate note business. Our goal is to facilitate education and networking between note investors, new and experienced. If you've been a real estate investor, the world of notes is a natural progression for you. Learn why other strategic real estate investors are adding the cash flow provided by real estate backed notes to their portfolio.

Copyright © 2016 Zuridia Capital, All rights reserved.
Hi! Gary Chung here.

Our mailing address is:
Zuridia Capital

825 College Blvd

#102-155

Oceanside, Ca 92057

Hello BP's

San Diego Note Investors next meeting is September 8. These are great events if you like notes or just want to learn about increasing your cash flow. Feel free to contact me for more information and see the link below.

https://www.meetup.com/San-Diego-Note-Investors-Me...

Thanks, Derek

Great triplex for someone that wants to house hack or just add 3 units to their ATL property portfolio.

All 3 units have been recently renovated.

"Hard Money Lending: Insights from a Seasoned Professional"

Hello Fellow Note Investors!

This month we welcome Brock VandenBerg, an expert in hard money lending. This month’s topic is:

Hard Money Lending: Insights from a Seasoned Professional

Some of the topics Brock will cover:

• How the real estate and hard money market has evolved
• Advantages and disadvantages of trust deed investing
• Deal profiles of loans that have gone well and loans that have run into difficulty
• How Brock manages his business

7:00 PM, Thursday, July 14, 2016
(Networking starts at 6 PM)
$20/person

Shadowridge Country Club

1980 Gateway Bay Drive
Vista, CA 92081