Matthew Rayl
Promissory Note past contractual date
Background: My first deal and it's been a bear to say the least. The deal itself was solid, but the business partner has been a pure headache. This deal has been a massive lesson (among countless others) for perfor...
Anna M.
CAN A BANK CALL GOOD/PERFORMING LOANS?
CAN A BANK CALL GOOD/PERFORMING LOANS?IF SO HOW DOES ONE PREVENT/PREPARE FOR THIS, OR CAN THEY?I have always thought that if I am current on my bank loans the bank would not want to call the loan or foreclose on the p...
Brett Burky
Commercial Note Purchases - How Does It Work?
Commercial note purchases are different from residential and we'd like to learn from experts in BP on how that happens. What are the glaring differences? Is it less or more steps in the closing? Is anyone an expert in...
Al Kirk
Mortgage Note Investors
Hi Guys,I'm a newbie in private mortgage note investing. I am interested in cash flow, so performing 1st lien notes are my interests. How do I find other private investors/mentors to help me in this area and possibly ...
Joseph King
Looking into Starting a Fund
Has anyone out there created a fund for Notes that could give some advice?
Caleb Zuniga
Selling Partial Land Contracts
I have several land contracts secured by vacant land throughout Arizona that have an average value of 6-10k and at a interest rate of ~10%. I did not pull credit when creating these land contracts and service them ...
Gavin Welch
Would this work???
I'm a realtor and investor looking into a new idea..
Here it is.. Find a homeowner in foreclosure negotiate with the bank to sell the note.. Find a note buyer to buy it and resell it to the existing homeowner for 3-5...
Josh Platko
Note Nightmare
I need to hear some nightmare stories on subperforming notes. Just recently began studying them, and not seeing the immediate risk. Long foreclosure process? State loan laws tough to understand? Loanee difficult to...
Bob Flynn
IRS Lien on MA property
I'm purchasing a junior non-performing mortgage behind a performing first mortgage secured by a home in Massachusetts. There is an IRS lien that was recorded after the second mortgage was recorded. Is it senior to t...
Account Closed
Estimating a new construction project.
For all developers out there. How do you estimate constructions costs prior to presenting a project to lenders? Do you first acquire land and plan then perform the estimate, or is this done prior to securing a constru...