Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Leighann Davis Why do experienced investors JV on notes?
23 July 2018 | 28 replies
They then take those notes and package them with others from similar purchases and sell them along with their analysis to private investment funds.This leaves 45 notes from a package of 1,000 that three professional investment funds, doing intensive analysis by highly trained MBAs, have determined cannot yield even a minimal investment return.These are then offered to the individual investor, who according to those in the industry “with something to sell” (the leftover NPNs and/or “training”) can profit enormously by (1) making them re-performing notes or (2) foreclosing and selling the property for large profits.The pitch from those “with something to sell” is twofold: (1) “There is plenty of meat left on the bone” (actual quote), and (2) if you send the borrower a complete package of all docs, weighing, say, five pounds you will “shock and awe” him into paying on the note.I highly doubt either of these claims have even a micron of validity.The parties with a financial interest in you buying into this will cite isolated instances of great success, never mentioning the all-more-frequent instances of total failure.So at the end of the day the training promoters have collected up to $30,000 per person for their NPN “mentoring”/”coaching” program, the retail asset disposer has made 50% to 100% profit on their inventory, private middlemen have turned a $2,500 investment in a note into $16,000, and my sister-in-law who purchased 5 NPNs over three years ago and has spent large amounts on attorneys, taxes, and brokers has yet to see a penny in return.To paraphrase, if you don’t know who the sucker is in any ultra-high profit promise situation, it’s you.
Sunil Kapoor Are my closing costs too high for a Phoenix AZ purchase?
9 July 2018 | 6 replies
Don't forget there is value in good service and being able to get the loan closed with minimal headaches!
Rhett Z Begley Multi-Family Syndication Help! (first one...)
9 July 2018 | 7 replies
I have a solid property manager that I've been using for ten years, and the reno is relatively minimal at this point (haven't been into the units yet but based on the the pictures it would be minimal repairs and updating as desired), mostly cosmetic stuff outside and in the common areas.
Justin Michael Johnson How do I minimize my losses and return a NEW, FINANCED CAR
6 September 2018 | 1 reply
What is the best way to take minimal losses on a brand new 2018 vehicle?
Abhishek Ramanan First time Investor - high COL area, worth it?
8 September 2018 | 9 replies
I've even removed CapEX (new property, minimal required), and property management, but still arriving at a negative CF.
Joe Wood Reducing taxable income ideas
9 September 2018 | 5 replies
There are ideas to minimize taxes, but no need to create unnecessary expenses.
Dillyn Davidson Saurdiff real estate cycle per location
18 September 2018 | 6 replies
If you're planning on continuing to buy for years and years then the exact timing is minimized-some you'll buy up, some you'll buy down, and they'll all average out.
Maxwell Manatt Diving deep into the month by month numbers
11 September 2018 | 10 replies
This isn't as big of a problem if the building is adequately cash-flowing and you have minimal value-add rehab.
Travis Raila Overview of various Atlanta neighborhoods?
12 December 2018 | 18 replies
Now prices have soared and returns are minimal and inventory is low.
Eric Maury Looking for advice on a deal
7 September 2018 | 2 replies
Even at those figures we're talking a 20-25% ROI and i'll see my money back in probably under 4 years with minimal work.