All Forum Posts by: CJ Lee

Thanks for starting this.  I’m interested in seeing how DSTs can be setup for note investors/lien holders. Looking forward to your next post!

"I took the Schedule C and built my expense accounts around that. Now when my CPA gets my books, everything is already categorized for him."  @Adam Adams that's a great reminder and strategy on efficiency!  

@Emily Guido

I'm going to Paige's workshop as well.  Looking forward to meeting a fellow BP member! See you there.

@Odie Ayaga Thanks for the outline and words of encouragement!

@Chad U. Thanks for the practical advice and criteria.  It seems to be a lot of DD overlap with OS investing.

@John Longbrake Thanks.  Let's connect.

@Chris Seveney @Odie Ayaga Thanks for the insight. I should've mentioned a bit more about my background. I analyze mostly MF assets on a daily basis as well as a MF development deals. I'm comfortable with TVM and am continuing to learn about different ways to wholly analyze deals concerning tax implications, individual investment strategies, financing, etc. I am far from my mentor's abilities to analyze assets but am enjoying it. As for notes, I had my "Aha" moment after hearing Donna Bauer speak at our local REIA and currently I'm going through all her materials. BP podcasts by @Dave Van Horn (and his book) and Bob Malecki have also been great! I'll be at Jeff Armstrong's Secrets of Paper next week and also looking at a NPN workshop in November. Odie, I agree that you can't fit buying notes into an arbitrary timeline but it's a tangible goal for me and since then, I've been enjoying learning about notes and seeing how my world of brokerage and investing could converge into a reality without "tenants, toilets, and trash!"

I appreciate all the discussions posted in this forum and though I haven't had much to comment on yet, I read through most of them.  On behalf of the silent readers ;) , thanks for all the input and engagement!

Hi everyone,

My goal for the next 90 days is to buy my first note!  

I'm transitioning from multifamily brokerage to note investing (hopefully full time in 2019). Though I've been in real estate for quite some time, I'm new to the world of notes. From what I'm hearing from local note investors, many of them focus on NPN acquired directly from hedge funds given the steady increase in foreclosures. I have spoken to a few seasoned note investors who will only buy seller financed performing notes even though those seem harder to come by. I'm open to both performing and non-performing notes for residential, MF and NNN and wanted to see how you narrow down which notes to seek.

I know everyone has their own preferences and strategies with qualifying notes so I'm hoping you'd be open to sharing whatever you're comfortable with.  For example, I recently spoke with a note investor with the following initial qualifiers: 

NPN / SFR / Current Market Value: $50K - $250K / 2 or 3 BD / min 880 SF / County Population: min 50,000 / Low Crime Rate

Any feedback or insight would be appreciated.  Thank you!

@Jeff Copeland @Chris Mason Thanks for your advice.  I guess my question should really be, "Are all lenders the same?"  Outside of personal referrals, what would be a good starting point in finding a reliable and trustworthy lender?  What questions should a borrower ask when interviewing lenders?

Hi BP Community... I am looking for an FHA lender for a triplex purchase. I've read up on FHA requirements but haven't been able to find any tips about FHA lenders. Are all FHA lenders the same? What should I be aware of when considering FHA lenders? Thank you.

I recently entered into escrow for an office building here in California and our escrow fees are $2 per $1000 of the final purchase price + $250 flat fee and that's slightly on the higher end too but we've had great experiences with her in the past.   I can't imagine why the escrow fee for a $4,600 transaction would cost $700.  I'd call around for other quotes and make sure you ask what, if any, add-on fees they charge.  Good luck!

Thank you for those links @Jonathan Orr @Steve L. @Martin Z. @Kevin Wong