Stay patient, but perform due diligence...Gl

@Eddie StarrCheck out  Robert Hytha https://www.facebook.com/FIXnotes/I think his company is a trader of  non performing construction loans.

Prior to working in the real estate industry I spent four years in China performing business development for imported wine companies and one year at a big four accounting firm as an auditor. 

It's working for me and I did have one property perform better than expected over the first 12 months.  

I'm a former buy and hold rental property investor in the learning phase of becoming a note investor in owner-occupied, fist position, non-performing notes.Also, do you use land trusts for each note with your LLC as the beneficiary? 

@Ethel WeaverDid you have an inspection performed?

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

In many states it is considered predatory targeting preforeclosures and also marketing as if you are "helping the homeowner", as based on what you are saying it does not really appear you are helping them but performing a service to them for a fee - big difference. 

If you are unable to perform at that point, you may end up walking away from all your rent credit and any "equity" you may have built.

Group’s core business strategy centers on their ability to acquire Commercialand Residential Real Estate, Performing Notes, and Non-Performing Notes at belowmarket prices and terms, and then apply development, management, and marketingexpertise to produce a higher ROI for their clients.If anyone has any questions regarding buying bulk reo's or non performing notes please contact me.