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All Forum Posts by: Marc Yun

Marc Yun has started 2 posts and replied 12 times.

Post: Investor from New York

Marc YunPosted
  • Investor
  • New York City, NY
  • Posts 12
  • Votes 3

Hello BP community! I'm Marc from New York City.

I'm a securitized mortage analyst with a focus in analyzing pools of securitized mortages - if you're guessing subprime debt you are right on the money. I began working in this field right before this segment of the debt market blew up in 2007 - my line of work is focused on analyzing the macro aspect of the housing market as it pertains to residential mortgages. I'd like to parlay some of that experience into real estate investment - the latter is a completely different animal and I'm hoping to get to know knowledgeable and helpful investors here on BP - I'm new to this so I'm not sure how much I can bring to the table for the rest of you who have been at it for much longer but hopefully we can all work together to build for our future!

My real estate experience is limited my own personal transactions, I bought/sold a condo in NY and am having a home built on LI to live as a permanent residence which is currently wrapping up. Outside of this experience my knowldege extends to the little education I have on the topic and listening to the great podcasts here on BP.

I'm happy to be here and look forward to meeting the BP community! Happy investing!

Best,
Marc Yun

Post: Do you ever waive late fees?

Marc YunPosted
  • Investor
  • New York City, NY
  • Posts 12
  • Votes 3

I'm not a landlord (yet) but have had many in the past...from my experience and others I've spoken with and all the landlording materials I read say the same thing, do not waive late fees - tenants will abuse it in the future and take advantage of you.

I manage a team of analysts in my day job, I find it easier setting expectations early and holding them accountable vs. being easy going first then trying to go strict once bad habits are formed....