All Forum Posts by: Varinder Kumar

Feel free to PM me. I have performing and non-performing notes.

Board your loan with a servicing company. If you have "a lot" of notes then doing your own servicing is not worth the headache or savings. 

I have performing and non performing notes in various states of the country. All going at a great price. Please reach out to me if you are interested and we can go over it in detail. Thanks!

Hey Aaron,

I self manage my own SFR also and I do not use any software etc. You dont need it man to be honest.

@Dave Van Horn 

Well i would pay the heloc payments, but the NPN I bought is already foreclosed on, so by the time i get the collateral file which is about 30 days from purchase of note the asset should be already REO. I would just list it for sale as cash only, or sell it to another investor in that area. Obviously my numbers already done on it to if i were to sell to another investor so that they can flip the home i would still have a great profit and leave enough meat on the bone of course for them to profit after flipping it also. And if i were to list it with an agent i would probably get a little bit more for it but it would probably take a little bit longer to sell, maybe. With the proceeds of the sale i would pay off HELOC. Thats my strategy right now. I am not looking to get anything re-performing as of just yet.

@Dave Van Horn I agree. I am looking to utilize a HELOC on my rental to fund a NPN which I would sell for profit. Of course the NPN would have to meet certain conditions so that i am able to sell it in a short period of time. Id like to hear your thoughts on this concept of funding NPN's via HELOC Dave. Thanks!

the reason why is because you know notes and they don't. My strategy is different I'm not cashflowing I'm simply buying and selling g the property for profit. I'm giving 10% interest only payments for 12 months, secured by title of home.  Example $20k purchase @10 per cent = 2000 for 12 months interest only monthly payments of $166 a month, if they can get better returns in other markets then be my guest. 

I too have been looking into this but i really dont like the idea of leveraging. I rather use OPM, which i actually did do for this last NPN i purchased. So far everyone is happy ;)