Daily Note Buying Tip
A Message From The Note Guy
I hope that you find this somewhat daily, note buying tip, video blog helpful in your real estate investment business. I've found that for my own investments, buying non performing notes is the way for me to capitalize on both residential and commercial markets all across the United States from sitting in from of my computer without facing all the other headaches that other investors find. Please take a moment to watch the videos and the other blogs attached to this blog and leave me a comment or two! Thanks for stopping by!
aka "the Note Guy"
1:1 Note Coaching Program
- Southern California 1:1 Note Coaching
So here I find myself in Rancho Cucamonga, California working with my newest 1:1 Note Coaching Student, Harriet Suzuka. I will be out here for the next five days working with Harriet to implement the...
Stick To Your Guns
Inverse Investments LLC
Making Offers on Notes With Equity
Performing Due Diligence with No Docs
Note Marketing Websites
Don't Wait For Private Money To Do Deals
Never Have Investors Directly Give You the Funds
Online Sources To Help Your Raise Private Money
Knowing What Investors Expect
5 Points To Remember When Talking To Private Investors
Raising Private Money-Private vs Hard Money
Raising Private Money-Shifting Your Mindset
Your Team-Accountability Partner
Your Team-Real Estate Attorney
Your Team-Title Company
Only Buy 1st Liens!
Timeline of a Note Deal
Get the NCND Signed
What Options Can You Offer Homeowners
Don't Waste Time Calling the Big Boys
Performing Due Diligence on Apartment Notes
Change Your Mindset
Using ActiveRain.com to Find Values
What Type of Notes Should You Buy
Only Accept LOI's and HARD POF when Selling Notes
Daily Note Buying Tip-Perseverance
Don't Buy A Note You Don't Want To End Up Owning The Property On
Daily Note Buying Tip Day 4-Take Action
Day Three Tip-Don't Overpromise
Daily Note Buying Tip-Be Specific
Day One-Follow Up, Follow Up, Follow Up
Cashing in when there is blood in the street!
Check out the article below. This is a great article discussing how 2010 numbers "skyrocketed" by 79% on commercial backed securities. The article discusses how hotels saw the most improvement in delinquencies by dropping to 16.73% in delinquencies. Apartments had a nice increase in delinquencies up to 14.38%. This means that there is more opportunity to pick up defaulted apartment and hotel loans in default.
As far as areas of the country, states such as Nevada and Alabama had the largest amounts of delinquencies with Nevada having a 28.99% delinquency rates. I guess Crimson Tide fans and gamblers were counting on a Tide repeat in Vegas! :)
The West had the largest increase in defaults while the East had the lowest amount of delinquencies. What does this tell you as a note investor? Buy west of the Mississippi as you will find plenty of defaults and those notes in the East might just get gobbled up quickly!
Great Article on Chicago Vacant Homes due to Banks Dropping the Ball
This just goes to show you that banks will walk away and would be glad to sell the notes on many properties or short sales because they will get more out of the deal instead of letting the homes "rot" to death or be servicing released. Red Flags can spell Real Opportunities if you know where to look! This is why I like Chicago! Don't get me wrong, there are a lot of bad properties, but if you can buy the notes at the right price, you can cash in and either hold the property, complete the short sale, or flip it for quick cash or hold as a rental. Being a note investor with multiple exit strategies is one advantage that banks just don't have the capabilities or the resources to do.
More Opportunity For Us as Note Buyers!!!
- Moody\'s: CMBS Loan Delinquencies Soar 79% in 2010
The delinquency rate on loans included in conduit and fusion U.S. commercial mortgage-backed securities (CMBS) deals skyrocketed 79 percent over the past 12 months, according to Moodys Investors Service. Delinquencies started 2010 at 4.90 percent.
Private Equity Real Estate Fundraising Took a Hit in 2010
- Private Equity Real Estate Fundraising Took a Hit in 2010
Private equity real estate funding totaled $35.8 billion globally in 2010, which is the lowest annual total since 2003, when funds raised just over $14 billion, a study found. The numbers are 28 percent lower than the $49.8 billion raised in 2009. Th
Our Other Note Blogs
- 2011 Defaulted Note Accountability Program
See how we work with other investors to cash in on the note buying opportunities across the board.
- Scott Carson archive at Real Estate Investing Blog For Real Estate Investors
Real Estate Blog For Real Estate Investment
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Here I'm sitting at home on a Sunday morning, trying to come up with a topic to send out on our weekly coaching call with our 1:1 students. I wanted to come up with an idea that would not only motivate our students, but...