All Forum Posts by: Nathan Patterson

According to that metric, I would be well off.  But I do feel like that "wealth" is all self-defined.  I personally do not feel like I am well off.  I feel like real wealth doesn't begin until someone isn't worried about being able to afford their investments or their wants. 

@Bob E. Good point.  Something I think many think about, is when is the next downtown will be.  

@Clint Galliano Great question

@Bob E. In your experience, how often does a performing note become NPN?

@Gail Greenberg

Thank-you for your reply. I certainly agree with you, investors do pay a higher price for a performing note. But I feel that since I am beginning, I'd rather take a cut in the return and learn more, and hopefully not default, and when I am more comfortable with the note world to start pursuing NPN's. But you make a valid point that just because it is performing, does not mean it will stay performing and then you are at risk of possibly loosing money if you don't buy with a good enough deal. What are some of the signs that you look for to determine if the borrowers are wanting to get the note re-performing. You also make a wonderful point about foreclosure sales to keep in mind with any note that goes into foreclosure.

@Account Closed

You might have only been in notes for less than a year, but that is more than I have. To validate if something is in compliance, would that be a task for an attorney. Or just reviewing and making sure it meets the requirements of Dodd-frank. I am not opposed to starting with NPN's it just seems like there are more ways to possible loose money for a newbie.

Hello BP,  

Alright so I am new to Note investing, I've been learning as much as I can before taking the plunge. But something I have noticed is that the majority of video's, blog posts, articles are about NPN investing. Because of that, it makes it difficult to really know what to look for in a performing note. So what I want to know, is for you seasoned investors out there, what are some metrics you look at while analyzing performing notes to know if it is a good investment or not. I'm talking about ROI, IRR, COC, NOI etc. Or is it more of a whole picture aspect and you look at the entirety of the potential deal not just a few things to let you know it is a good investment. I've gotten lost in the wealth of information out there on note investing and I'm not sure what to look at when it comes to analyzing performing notes.

There are quite a few places where you can buy notes online.  FCI, loanmls, PPR, notesdirect etc.  Just to name a few.  Welcome.

@Paul OBryan I'm right there with ya.  I'm new to note investing and have been learning all I can recently.  Not quite ready to buy just yet but yes I hope there is something left for all of us small investors in the future.  

Welcome, do you know where you want to invest in?  As in what part of the springs.    

@Varinder Kumar Why would you rather have borrowers than tenants?  I feel I am the same way just would like to know your reasoning. 

@Chris Seveney do you invest in 1st or 2nd notes?  Why do you invest in those?