All Forum Posts by: Lauren Sanford

Greetings! I am a beginner note investor. To jump in, I bought a portfolio of 10 notes. There are two different servicers involved. In a few months, I want to get into buying NPN/NPLs, such as those in bankruptcy. I will not be starting a fun. But I could sell partials in the future.

Is there software that people use to manage their portfolios? I have looked at NoteRules.com. I heard podcasts where people uses customized versions of Podio or SalesForce? I am a bit surprised that there are not more options? Does anyone have any recommendation?

Also, bookkeeping needs to be set up. Are there any recommendations that people have on how too get organized? I will use a lower-cost QBO alternative, like Xero. But is there a Chart of Accounts that anyone could share? Or is there a bookkeeping agency that has a note investing specialty?

Thank you! Mike

There is a bookkepper out of TX many use who I can refer you too. She uses quickbooks.

Regarding software, I know people who use pipedrive, podio or clickup.

The software for this is typically enterprise as there are not a lot of note investors and thus not a huge demand for software especially when using a servicer. Its really just management of the loans.

Would love to get that reference if you don't mind sharing it. Been through a few book keepers who don't seem to understand this space very well.

@Alex Booth we did a show episode with her, if it's the same one Chris is talking about. I'll send in PM.

0 Votes

@Raj G. We actually have a nationwide Credits Rights Attorneys recommended by other Note Investors on our due diligence portal. For NJ, I would suggest
Friedman Vartolo
LLP Adam Friedman
[email protected]
212-471-5100

1 Vote

We have a few book keepers but nothing nationwide. We have had a few Real Estate notes Show Episodes on this topic so you could get information from there.

@Brett Burky suggestion of Rival Brothers is ok but they have a lot of equations that does not really work with note buyers. They dont use NPV/IRR they use ROI. And it runs 1 asset at time with flat costs/time frame and we know each state is different.

@Michael D Kaminski Are you looking for something to track what the next task is?

0 Votes

Quote from @David Cooper:

Quote from @Lauren Sanford:

Quote from @Jim Rice:

Lauren, really just trying to put together a group that would what to meet up if possible and share education, information & build relationships. Jim

Let us know if you are still interested in the group and sharing of information. Our virtual meet up is around 30 people.

Hi Lauren! I'd like to join. I'm a note buyer and would love to connect with like-minded people.

David,
Send us a Private Message and we can schedule a call to see if you fit the group.

0 Votes

Birmingham, Alabama

Quote from @Jim Rice:

Lauren, really just trying to put together a group that would what to meet up if possible and share education, information & build relationships. Jim

Let us know if you are still interested in the group and sharing of information. Our virtual meet up is around 30 people.

0 Votes

Birmingham, Alabama

@Kenneth Malloy Our latest Note Offering has just over 80 assets. If interested feel free to reach out!

JKP

0 Votes

Houston, Texas

@Joe S.

We held a few calls on this topic. There are 14 points to making a note valuable to Note buyers. They include higher the interest rate and lower the terms will decrease the discount needed. We also have a chart to show the expected discount. Also who pays servicing fees.

if curious to learn more reach out.

2 Votes

@Felicia Vinces it sounds like you missed our Year End Live show and Podcast of "Real Estate Notes Show' where 2 15 year experience note investors break down what makes a note valuable.

0 Votes

@Mort McGuire Yes (JKP) we are also active. We have some assets currently in those states if you are interested. I am sure we exchanged Emails before hopefully you are getting ours.

0 Votes

New York City, New York

@Wade Wisner Our company has been in the space for well over a decade, i would suggest the key to finding quality notes is networking in networks of those who are creating notes already and don't know they can sell them. We run a Real Estate Notes Show where we speak with many of these types of investors teaching them different strategies.

We find most of our deals through our network and referrals. Many of our closest colleagues are coaches in the Seller finance and Hard Money Lenders. Let us know how we can best help you!

1 Vote

All Forum Posts by: Lauren Sanford

Lauren Sanford has started 0 posts and replied 52 times.

Post: Software Suggestions for Note Investing Business? Accounting Suggestions for Same?

Post: Looking for reference for good attorney "Creditors’ Rights foreclosure attorney" in

Post: Software Suggestions for Note Investing Business? Accounting Suggestions for Same?

Post: Looking to connect with Seasoned/Veteran Mortgage Note Investors in SE USA

Post: Looking to connect with Seasoned/Veteran Mortgage Note Investors in SE USA

Post: We buy mortgage notes fast and easy

Post: Creating a note in order to sell it.

Post: What makes a good seller financed deal?

Post: Mortgage Note Investing

Post: Help with Note/DOT investing