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.
Steve Richards
Property management recommendations
9 July 2018 | 5 replies
I am looking for a trustworthy and professional property management company in Fort Wayne IN, Kansas City, Cincinnati OH, and Jackson MS.
Marcus Cathren
Note Investors in Osan AB ?
7 July 2018 | 0 replies
Greetings All,I just wanted to know if there were any investors (perferablely in notes) near Osan AB looking to potentially meet up or do a conference video call in order to talk and discuss real estate.
Aaron M.
When to authorize after-hours calls to plumber or electrician?
7 July 2018 | 4 replies
I live in California and have a "professional renter" (he is very knowledgeable about the lease and laws and acts strictly within those bounds - I perceive him to be a potential lawsuit threat) in my rental property.
Sam Marcos
Discouraged already, and haven't even started. Fix and Flip
11 July 2018 | 14 replies
@Jason Dillard, I realize finding deals is the hardest part, but building a team (reliable professional one) is hard too.Shouldn't I worry about this as well ?
Robert Freeborn
Am I required to get a GC license as a rehabber?
17 July 2018 | 6 replies
Your situation depends on your involvement, your entity selection, and lots of other factors that preclude an informed opinion.3) You didn't ask, but I offer that you should not take or act on any legal, regulatory, or financial advice on a free forum and always seek a professional opinion or two.
Emily Allen
Looking for attorney against tenant fraud
8 July 2018 | 4 replies
I wonder how many landlords/pms do a video walk through of their properties on a bi-annual basis to document that no potentially dangerous conditions exist.
Lavaud Charlemagne
Best Apple laptop for real estate?
23 November 2021 | 97 replies
The Acer I mentioned above works decent for video editing.
Brandon Garmon
New member investor/contractor in Central Florida
9 July 2018 | 4 replies
I am looking to meet and network with all types of professionals in this area.
Kon Zel
Looking for Indianapolis Commercial Brokers
8 July 2018 | 1 reply
utf8=%E2%9C%9...Start digging through these results and reach out to local investors, some will even recommend professionals on the forums like attorneys, GCs, realtors, etc.