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1 June 2014 | 22 replies
So, here are the “main steps” to getting going in NPNs as it relates to my strategy as I see it:1.Find prospective NPNs for purchasing [obtaining from inventory of a company like Granite]2.Perform due diligence on the NPNs [understanding the defect and why note is now nonperforming]3.Analyze the NPNs that survive diligence [crunching numbers re upb, cost of servicing, etc. to see what max price I can pay while still having a reasonable chance of obtaining my desired yield]4.Negotiate and purchase the NPN [finding the “highest price I will pay for it”]5.Park the NPN at a servicer6.Instruct the servicer to contact the owner and begin rehabbing the NPN7.If the owner is amenable and an agreement can be reached, monitor the note until it is seasoned and then begin marketing the rehabbed note8.If the owner is not amenable or an agreement cannot be reached, foreclose on the collateral9.Regardless of which avenue was taken (either selling the rehabbed note or foreclosing), go back to step 1So here are my questions:1.How do I ensure that my steps 2 and 3 are thorough?
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6 June 2014 | 2 replies
So, long story short, I inherited a piece of land in a downtown residential area of a highly desirable city from a distant relative.
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25 June 2014 | 7 replies
With the expansion of transit lines in the Los Angeles area moving at a historic rate and the rise of property cost (rent and own) in many areas, I see a lot of action in formerly less desirable neighborhoods.
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11 June 2014 | 6 replies
@Alex Flowers Yes and they played age and health off as reason for desiring to sell.
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11 August 2014 | 22 replies
Jeffrey Lester getting a STEM degree will ensure you can do just about anything your heart desires.
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18 June 2014 | 7 replies
Your 2 children can definitely be a source of motivation and through real estate it really is possible to create the lifestyle you desire for your family.
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24 June 2014 | 8 replies
Plus your tips on what size is desired to hold current homes.
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8 November 2022 | 6 replies
Those who don't mind giving up some of their desires for use of the home as pertains to home businesses, guests, pets and making noise.
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26 October 2014 | 24 replies
Just need to make sure that you're actively managing so that your property stays desirable and profitable and also be sure to put aside enough to cover reserves and unexpected situations.
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5 November 2014 | 23 replies
Knowing inside that you won't settle and you can provide the safety and security you desire.