Start Your Note Buying Business Now
Now that you are ready to start your note buying business, you are probably thinking about what kind of non-performing notes are out there. Let me show you an example.
An Opportunity In Note Buying
The Note Rate: 11.13%
Non Performing note balance: $62,957 payoff amount $66,885
Property Value: around $112-114,000 (estimate based on BPO and Zillow) LTV 50%
Note Buying Exit
One way to view this is: Buy a non-performing note for worth $63K at a 50% LTV for $56K.
If the borrower's agree to refinance their defaulted mortgage, within 60 days you can payoff your loan for the full amount of $66,885.
You would around $12,000 on your $56K investment. Not bad for 2 months.
The return on your note buying investment would be 21%. That isn't even annualized.
A Second Note Buying Exit Strategy
Another route would be to bring the non performing loan current and reinstate the loan. (hint: sometimes a foreclosure action may get your borrower's to do something with their loan)
If they are able to bring their defaulted mortgage current, you would get the reinstatement amount of $4,000 and on top of that a recurring monthly payment of $574. That is a total of $11,000 in your pocket within the 1st year. A 19% return!
If the borrower refinanced within 3 years you would get a 14.6% return on your note buying investment. (to calculate, you would amortize the return over 3 years)
And even if they do nothing and you end up taking over the property, there is still about 50% equity that you have available.
One of the many ways to profit from note buying...
Interested in learning more about the Note Buying Business?
Watch Hours of FREE Training Videos here: Note Buying
Real-life, Up-to-Date Information for You. Visit NoteBuyingProfits.com or Call 718-783-7605 Or Click Here: Buying Bad Paper
From Dean Engle & NoteBuyingProfits.com - This time on Note Buying. by Dean Engle
Now that you are ready to start your note buying business, you are probably thinking about what kind of non-performing notes are out there. Let me show you an example.
An Opportunity In Note Buying
The Note Rate: 11.13%
Non Performing note balance: $62,957 payoff amount $66,885
Property Value: around $112-114,000 (estimate based on BPO and Zillow) LTV 50%
Note Buying Exit
One way to view this is: Buy a non-performing note for worth $63K at a 50% LTV for $56K.
If the borrower's agree to refinance their defaulted mortgage, within 60 days you can payoff your loan for the full amount of $66,885.
You would around $12,000 on your $56K investment. Not bad for 2 months.
The return on your note buying investment would be 21%. That isn't even annualized.
A Second Note Buying Exit Strategy
Another route would be to bring the non performing loan current and reinstate the loan. (hint: sometimes a foreclosure action may get your borrower's to do something with their loan)
If they are able to bring their defaulted mortgage current, you would get the reinstatement amount of $4,000 and on top of that a recurring monthly payment of $574. That is a total of $11,000 in your pocket within the 1st year. A 19% return!
If the borrower refinanced within 3 years you would get a 14.6% return on your note buying investment. (to calculate, you would amortize the return over 3 years)
And even if they do nothing and you end up taking over the property, there is still about 50% equity that you have available.
One of the many ways to profit from note buying...
Interested in learning more about the Note Buying Business?
Watch Hours of FREE Training Videos here: Note Buying
Real-life, Up-to-Date Information for You. Visit NoteBuyingProfits.com or Call 718-783-7605 Or Click Here: Buying Bad Paper
From Dean Engle & NoteBuyingProfits.com - This time on Note Buying. by Dean Engle
Most loan seekers have to borrow money in order to purchase their home or finance their business. Few have enough money sitting in the bank, or in other easily saleable assets to obtain a loan from the bank as collateral. (Even those few who do have enough money or assets usually find it financially difficult to borrow money from the bank) But Mr Pedro and his loan company offer loans with assets as collateral and they offer 2% rate in return between loan amount of $5000- $5,000,000.00 as long as you are honest to make a return.
ReplyDeleteMr Pedro and his loan company grant Home loan,business loan,personal loan,Car loan at the low rate of 2% you can email pedroloanss@gmail.com for more information.