Top 5 income producing strategies for 2011
This was the topic for last nights real estate investors mastermind group. I co-founded this group over 3 years ago with my friend Jeremy Roll. We both got tired of going to meetings that were low on substance & high on sales pitch aka the latest “get rich quick” scheme in real estate. We [...]
Read more »Seller Carry Back Notes-Deja Vu All Over Again
I started out buying notes from private note holders who carried back financing to sell their property. Back then, financing was tough to get & real estate was languishing. If you were a seller, you had to get creative & in order to make a transaction happen. (Sound Familiar?) Well here we are again in [...]
Read more »Note Basics
Notes are “en fuego” as the investment de jour. You have to be careful & understand what you are investing in & not buy into the latest guru who is jumping on the “note bandwagon” The folks over at Noteworthy have been in the note business for decades & have some great educational resources. www.noteworthyusa.com [...]
Read more »The Madness of Short Sales
You will see how there is no logic whatsoever in the short sales process & bank procedures. In all fairness the banks are understaffed, overworked, & underpaid. I will include an excerpt from a series of emails to a bank representative from a short sale negotiator. I have changed their names to protected their true [...]
Read more »UCLA guest appearance
On December 7th, I will be a guest presenter for a Real Estate Investment Analysis class at UCLA. I will teach the class about the basics of Trust Deed Investing. Los Angeles real estate professional & educator Jon Swire, has invited me to discuss with his class about the opportunities & pitfalls of note investing. [...]
Read more »Bad News For Mortgage Servicers…Good News for Smart Investors
Brian Collins from National Mortgage News wrote an article detailing the weakness of the business model at the loan servicer level. Wednesday Nov. 24th, 2010 http://www.nationalmortgagenews.com/nmn_features/hard-for-servicers-1022271-1.html Residential servicers are under siege from regulators, state attorneys general and legislators for messing up the foreclosure process. But instead of focusing strictly on fixing that problem, these officials [...]
Read more »Supply of Non-performing paper
I read this a few days ago which aligns with the information I received at the note summit attended with Gerald in Denver. The Federal Reserve Bank of New York (the Fed) is pushing Bank of America (BofA) to buy back a portion of the mortgages they packaged or acquired and then sold to mortgage-backed [...]
Read more »Orange County Private Event
Hi there, just wanted to let you know of some upcoming events. October 20th 6:30pm I will be presenting “Riches in niches” Trust Deed & Note Investing Basics” at FIBI(For Investors By Investors) Ventura County. http://www.meetup.com/FIBI-RealEstateVenturaCounty/ Also, Gerald & I will be hanging out with the Diva’s (Iris & Bobbi) www.investclubforwomen.com for their members only [...]
Read more »Upcoming Events
Hi there, just wanted to let you know of some upcoming events. October 20th 6:30pm I will be presenting “Riches in niches” Trust Deed & Note Investing Basics” at FIBI(For Investors By Investors) Ventura County. http://www.meetup.com/FIBI-RealEstateVenturaCounty/ Also, Gerald & I will be hanging out with the Diva’s (Iris & Bobi) www.investclubforwomen.com for their members only [...]
Read more »The hidden opportunity with 2nd Trust Deeds
Gerald(the other note guy) & I had a wonderful lunch with a fund manager last week. We were discussing the opportunities available investing in 2nd trust deeds. We were both very excited to learn about their approach to controlling millions in dollars of debt for pennies on the dollar. If you have been to one [...]
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