Is there a checklist for non-performing notes to tell the good from the bad? — Dan Bal There is no checklist I’m aware of, but be sure you get this information: 1. What is the value of the property the note is secured by? Look at both full market, and REO value comps. Think …
Imagine going to an ATM or your bank and being refused a withdrawal of more than $67.00. Or being denied access to your safe deposit box. Or being told by the government that it plans to confiscate a third of your savings! Greeks didn’t have to imagine — it happened to them last month. And …
John Merchant, JD, originally wrote this article for THE PAPER SOURCE JOURNAL. It’s an ingenious way to deal with deadbeat tenants! Need to evict a deadbeat tenant? Let your Health Dept. do it! by John Merchant, JD “What? Now how in the world would that work and why in the world might the Health Dept. …
Need to evict deadbeat tenant? Let your Health Dept. do it! Read More »
1. Save consistently by living on less than you earn. 2. Study the investment methods and strategies of successful people, and seek advice only from those who are competent — through their own achievements — to give it. Learn from people who have earned the right to teach. 3. Learn to apply the principles of compounding, discounting and leveraging. 4. …
If you wonder why some note investors won't buy notes in certain states, this article will tell you why (thanks to Denny Stanz' CA Notebuyer Newsletter: www.CaliforniaNoteBuyerLLC.com http://Realtormag.Realtor.org/daily-news/2015/04/20/average-foreclosure-time-620-days?
This article explains why you have to be careful when you withdraw money from a bank account. Do it the wrong way and the Feds will pay you a visit! http://www.nytimes.com/2015/06/06/upshot/when-its-a-crime-to-withdraw-money-from-your-bank.html?_r=0&abt=0002&abg=1
Economics for Everyone: A review of How an Economy Grows and Why It Crashes By Michael Wagner Economics affects everyone but few people care to learn much about it. All the numbers and graphs make it seem complex and quite boring. Of course some subjects are so important that even if they were boring we’d …
How many of these mistakes do you make at note and real estate networking events? I have to admit I've made most of them! http://www.biggerpockets.com/renewsblog/2015/05/29/10-mistakes-real-estate-investors-make-networking-events/ http://www.biggerpockets.com/renewsblog/2015/05/29/10-mistakes-real-estate-investors-make-networking-events/
June 1, 2015 – The US Supreme Court ruled Monday that junior lienholders cannot have their lien stripped if the value of the real estate is less than the value of the senior lien. Read more: http://www.inman.com/2015/03/25/underwater-second-mortgages-surface-in-supreme-court-case/ http://www.marketwatch.com/story/supreme-court-hands-defeat-to-struggling-homeowners-2015-06-01
Did you know we have a facebook group where you can chat and network with other cash flow note investing people? I Invite you to join us at https://www.facebook.com/groups/papersource/ I have to approve every request, so please be a little patient with me. Join Us at: https://www.facebook.com/groups/papersource/
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