All Forum Posts by: Marven Alceus

@Cody Cox Thanks Cody! I didn't know the borrower couldn't sell the note. But the owner/lender can. I guess I'll need to look into it more! 👍🏾

I think I have an understanding on what notes are but please let me know if I'm wrong.

If I get a mortgage for a property that mortgage document is the note.

Now I have the option to sell this note.

Question, so if I had bought a property for 100k paid my 20% down payment. Leaving the bank to lend me the rest 80k (my mortgage). Let's say I paid 10k to the mortgage leaving 70k left. Then I sold the note, would that person then be in the same position having 30k paid off and 70k left. How to I benefit for selling it?

Hopefully I'm somewhat right? I don't know!

@Lien Vuong Yes Lien! We're giving ourselves 1 year too gear up and start this journey!

@Dan K. Thanks Dan! I'll check it out!

Hello guys! Me and my partner want to start networking as soon as possible! We were wondering is there any events and places around boston that we could go to for that? There's so much information out there and getting to talk with and befriend other investors would really help!

     I'm 24. Currently living in Boston. And like most young adults my age, I was trying to figure out what I wanted to do in my life. I thought about a couple interesting things.. but soon realized these things require money, and a lot. Then I started to think about my financial life and where was that going? I needed to make more money. But where? Maybe I could work for a promotion, but the increase wouldn't feel any different. Then maybe go back to school? But let's be honest, I was never a school guy and a high paying job in your field is not guaranteed after college.

     So, at my desperate attempt for some guidance I went to google and typed "how to get rich". Sounds funny when I think back, but it wasn't long till real estate popped up. I didn't expect to find anything but I did. Cash on cash return, Burrr, R.O.I, and cash flow. I loved learning about all the terms and methods to acquire wealth through real estate, and with everything I've learned I felt more and more confident and ready. Just looking deeper into it, I knew.. It just. Made. Sense. All of it, this was the way to financial freedom. Skip to present day, me and my partner Marilyn are gearing up to buy our first property. Right now we are saving money to cover the down payment and closing costs. We have some potential lenders in mind to cover rehab costs but we're open to other ideas. Overall, we plan to buy and hold all our properties and rent them out. Using the Burrr method. So our main focus is gathering funds, building strong credit, networking, and doing anything that pushes us to our goal, closing our first successful deal.

     So we thought that while we do that, we should network with other fellow investors because there so much experience and potential friendships out there! My apologies if my story was too long, we're just ready for this path to freedom and excited to network and make friendships with some of you! Please please feel free to reach out! Cause we will!