How To Bid On Notes
Last month I gave a presentation at a local Denver notes meetup on the bidding process. I thought it would be good to share the information with a wider audience,…
Last month I gave a presentation at a local Denver notes meetup on the bidding process. I thought it would be good to share the information with a wider audience,…
A question I get a lot is whether to base pricing on BPO (broker price opinion, ie the value of the home) or UPB (unpaid principal balance of the loan).…
There are many theories on how to price mortgage notes. Most people have separate guidelines for pricing performing notes and non-performing notes. Typically they pay some % of UPB or…
If you listen to a lot of podcasts you may be looking for some that cover note investing. I thought in this week's newsletter I would share a couple of…
When I am going through tapes I often verify the number of payments remaining before maturity, and also look at the number of payments the loan is behind. Doing this…
February was kind of a frustrating month because I didn't get any bids accepted. But it wasn't for a lack of trying. I put out 30 bids, some of which…
Like most engineers, I always enjoyed the movie Office Space. There was a notable scene where someone gets asked what they do in their job and he explains that he's…
The majority of the loans I've acquired have been contract for deeds (CFDs) instead of traditional mortgage notes. I'm not going to do a deep dive on what CFDs are and how…
With non-performing notes you can run into a lot of unique situations. This week I ran into one on a CFD in Cincinnati that was new to me. Some cities…