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10 July 2018 | 3 replies
Thanks in advance everyone!
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6 July 2018 | 1 reply
I came across a couple articles where people would pay themselves with 0% intro rates through paypal and avoid cash advance charges and do this for a couple cards and pay for properties.
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17 July 2018 | 3 replies
Thanks in advance!
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6 July 2018 | 1 reply
Thank you in advance for any help!
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25 July 2018 | 1 reply
Thank you in advance for your time and consideration and helping with my question.
7 July 2018 | 3 replies
Retail is typically minimum 25% down and usually more like 30 to 35%Underwriters define risk and numbers differently by commercial asset type ( hotel, retail, office, industrial,etc.)
9 July 2018 | 49 replies
Would love to hear more professional input Jay Hinrichs unfortunately there is also the mindset on BP that find the deal first money will be easy..well that could be true for a no money wholesaler making their spiff.. but for someone wanting to actually go into the industry you need money first deal second.. deals are like street cars there is always another one..
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7 July 2018 | 7 replies
As an industry professional I will tell you these are only good as secondary sources, not primary.
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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.