1. Say a house is bought for $40k, $15k repairs needed. ARV $100,000. What is as is value? For a low priced house like this will you require an appraisal to determine it, or go off some desktop estimate?2. Once as is ...
Hello BP World,I am looking to purchase performing or re-performing notes with a yield of 15% or above. Purchase prices from 10k to 50k. Please contact me if you have any for sale. I am not a broker and want to pu...
Where does your profit come from when you buy a note? From what I understand, when you buy a note you are becoming the lender to the homeowner and then they must pay you their mortgage payments per month. Do you then ...
Just curious - taking a poll question for those who invest in notes with partners. Do you do your books yourself or have an accountant / bookkeeper. I have a book keeper do mine as they have kept me from having to do ...
I'd love to hear others' approach to accounting for property taxes and insurance. I have about two years experience managing my two triplexes with separate loans for each property. Currently my T&I are escrowed wi...
I read all the posts on crowdfunding and decided to take the plunge about 6 months ago.I made the minimum investment of $5000 on a small fix and flip in Jersey .It was to pay 12% and the builder would pay back princip...
I am fairly new to the concept of buying/selling mortgage notes and I have been reading about it. From what I understand (to put in simplistic terms):
Lenders (could be banks, financial institutions, private people) ...
I've been reading for a few days about Notes and they are pretty awesome. I've been searching for some ideas on the area of reinvesting, cashflow and principal. Can someone please post the link to the right threads to...
Hello everyone,I am wrapping up a 203k right now and the final draw is pending. My full 203k had a contingency reserve for 10%. My loan originator initially told me that this contingency reserve could either be put ba...
I'm looking at a 1st lien non-performing note in which the original loan amount was $117,850. The original and current rate is 4% and loan term is 360 months. The current (and original) P&I is $474. By my calculat...