Pricing Notes: START HERE
This is where you get started. I know it’s counter intuitive that your first two classes are actually on how to “price” or value a note, rather than talking to a bank to actually GET a note, but trust me, this is where you actually want to start.
Don’t jump ahead and immediately get on the [...]
Your First Class: On Value
by admin
When you’re buying non-performing bank notes, where the borrower isn’t making their mortgage payments, your primary concern as an investor is “What’s the property worth that I may end up owning if I have to take the note through foreclosure?” Class 1 Goal: Learn to use at least 3 desktop-based property valuation tools, and [...]
Your Second Class: On Title, Situation & Strategy
Once you’ve determined property value, you’ll want to now take a look at what I consider the 3 secondary concerns: “What is on title, what is the borrower’s situation, and then what is my potential exit strategy for this note?”
Class 2 Goal: Find out which vendors you can use to help you research title work, and gain [...]