Raising money to buy notes aka defaulted mortgages aka nonperforming notes is obviously an important part of the note buyer’s business (not necessary for brokers, however).
Here is an email I recently got from someone who’s landed a few meetings with some venture capital funds (kudos to him - there is a TON of interest in [...]
A few weeks back, I wrote an Open Letter to Congress that my friend Paul Jackson at HousingWire kindly posted to his news subscribers.
It’s even more important in my opinion NOW than it was several weeks ago, because Treasury’s been sidetracked onto a cul-de-sac by both Congress and by European leaders, in my opinion.
Paulson’s original [...]
How to buy Defaulted Mortgages: Here’s a little how-to-buy-defaulted-mortgages story for you:
There’s an old Romanian saying: “Only the foolish learn from experience - the wise learn from the experience of others.”
It’s appropriate because it shows how one of my brightest aspiring note buying investors in our Private Access Club right now, let’s call him “John”, could use a [...]
Warning - this is a memo on the Art of Note Brokering. It was prompted by a note broker friend of mine who recently sent me a one-line update on what he had available for me:
Turnkey investment – Newly rehabbed (former REOs) middleclass homes with large equity positions, leased, and positive cash flow in [...]
