I have a few questions in regards to purchasing a Performing Note, What does UPB stand for? It is a percentage down on the actual asking price of the Performing Note? Also if a percentage is not being requested, ar...
I am considering to buy this NPN. I have been successful in buying and profiting on notes and am looking to get back into since my REO supply dried up and there's no money in flipping properties right now. I offered t...
Hello all,
A couple of days ago I saw a 2nd position note offered for sale with the following parameters:
Property FMV: $178000
Property location: Illinois
1st mortgage balance: $138000
2nd mortga...
How do you guys keep track of your portfolio financials? Cash flow per unit, how much is left on mortgage per unit, etc. Lay everything out in Excel or do you use an app?
Coming up on the first full year of owning a note in my SDIRA and I received a notice stating that Each year, the Internal Revenue Service requires Fair Market Values be provided for assets in your Camaplan Self-Direc...
Hey, Started to gate tapes from different sellers recently and i noticed a few columns which i'm not sure how to interpret and what is their impact - Corporate Advances/Deferred Balance, can anyone shed some light? is...
Hi I am researching a property which is listed at foreclosure auction. This is very basic question please ignore my ignorance.It is foreclosed by lets say ABC Bank with $100,000 principal original deed date: 1/1/1999....
Hello! Thanks for reading this and for the help. For all you short term rental owners out there, when you are calculating your return (cash on cash) are you including principal as an expense, income, or deferred until...
HelloFirst time poster...We purchased our first investment property a year ago, and we are working to prepare to purchase our second. I'm trying to educate myself better on the analysis to analyze deal, as well as ke...
When buying a note at a discount (e.g. $100k performing I/O note for $90k), how do you classify the extra principal you get back when the loan matures? It can’t show up on the 1098/1099 since it wasn’t charged to the ...