Loc R. is in Cali and might can help also as a note specialist.http://www.biggerpockets.com/users/solidreturnsI think it's important to differentiate when talking notes between the age of the note,the kind of note residential or commercial,and whether the note is performing or non performing,and whether that note is originated by a private party or a bank etc.There are times when a note sells for 85 cents on the dollar but it is usually Class A properties or part of a bulk note sale from bank to bank where they do averaging of the pool.I am not an expert AT ALL on note sales.This is just what I am observing.Private notes with issues and little to no seasoning are getting nowhere near 85 cents unless there is a ton of equity left over compared to value.In that case the risk is less as you still foreclose and are likely to get the full 100% plus penalties and interest.Many sellers are trying to solve a problem with an impossible answer in their minds as the solution.So you have to show them to be realistic and what will work.They either come down to Earth or keep the head in the sky for a little longer.

I wrote a basic primer on estimating value (including how to adjust comps) that I posted last week...the file is in Fileplace...EDIT: Here you go:http://www.biggerpockets.com/files/user/JasonScott/file/estimating-arv

I hope others will also share their experiences and will continue to remind our users the value that comes with actively engaging your peers here on BiggerPockets!

For bonus points, you can talk to any groups that you're a part of -- like your local real estate club -- about BP and why they should join up.4 - Invite your friends and colleagues - Whether you do so by #3 above or if you use our system's Invite Colleagues function (found in the Network menu), bringing new users to join the site is a great way to give back and help.5 - Link to BiggerPockets from your blog or website - There's no better way to endorse a website online than by linking to it from your own website or blog.

You use the "Connect" link next to the user's post, and once you become colleagues you can send the PM.

Solution is to type a space after the @ and then back up to before the space and then type the user's name correctly.

(Long story short, my commander didn't agree either and I checked out allowing part of my deposits for rent.....I was young)Then I leased my first house and drew up a lease with that in it.

Over the past week, a few discussions have be started by users about how they have used BiggerPockets to grow their real estate businesses.

Something that multiple users can see.I would like to be able to focus more on pulling comps and other more important activities than fumbling though pdf's, etc.We have a programmer in-house that I'm considering putting on this task, but if something already exists, I'd rather go that route.I think I just described a potential new position...I've found a couple that I'm testing at the moment, but am curious to hear others' thoughts.Thanks!

I put together a presentation that is designed to show our users some strategies for successfully using the website . . . whether you're a new member or a long-time user, there are tips here that will come in handy for most of you.Please take a few moments to check it out and let us know your thoughts below:Effectively Using the BiggerPockets Real Estate Social Network to Build Your Business