All Forum Posts by: Susan Gerry

@Dion DePaoli Thank you for your quick answer! it helped.

Hello BP family! 

Does anyone know if notes investing exist in Europe or any other country? If you have any information it would be very helpful! 

Thanks!

@Account Closed if you are starting out in notes I would suggest buying Non Performing notes first because of the price break. When you buy Performing loans you are already paying a premium. Most of the sellers out there would sell at performing loan at 8-12% yield and the pricing is 65-80% of UPB with a 4-8 months pmt history. Now what happens when the borrower falls behind on pmts? Your note becomes non performing and worth a lot less than you paid for it. This scenario is very possible. The better option is to buy a non performing occupied loan(30-50% of value) that gives you the chance to work out a deal with the borrower(re-perform it). This way you have a good chance to maybe see a 25-30% yield. Just a thought - hope it was helpful.

Thank you all for your help and feedback. I really appreciate it.

Thank you all for your feedback I really appreciate it. I am interested in Non performing 1st liens - $100K values and lower. I googled and I found Watermark, colonial, pPr, Madison, usmr. 

Hello everyone, 

I'm new on BP so I am looking for some good advice. I'm a 20 year veteran in real estate and now looking to buy notes for the first time. Any ideas or advice? Sellers, custodians?