26.25% Return In Four Months? Annualized 78.75% ROI???
Our JV Partner, friend, and fellow mastermind note investor, picked up this good looking New Jersey Nonperforming 1st lien for $105,000. The UPB was$174,000, and the total arrears came out to $190,000. Borrower was only behind 8 payments, and we felt it was a good opportunity to work something out.
The homeowner really did not want to stay, so a short sale was negoitated, and they moved on to greener pastures. The local realtor listed it, and 2 weeks later, there were a couple offers.
It ended up selling for $180,000, and after acquisition costs, fees, expenses, and the Realtors commission, the profit was $55,100 or 52.5% in four months!
When we joint venture, we do all the work for you, and you help us with the funding to pick up the note, so the 50/50 split, the profit after return of principal, comes out to 26.25% ROI in four months!
That's a pretty good return even if it took one year, though in this case, its a 78.75% annualized return! Could you use those kinds of returns in your retirement account?
Disclaimer: They don't always turn over that quick, though sometimes they do. We found that a NPN we purchased end of April 2015 in Columbus, did not sell in foreclosure sale in the past, so our attorney jumped back in as substitute of council, and scheduled for foreclosure sale, which happens to be this Friday, July 17, 2015; 3 months after we bought it. We will make the first bid, and if it gets bid up, we will let it sell. Otherwise we will take title and sell it right away to a rehabber.
We are narrowing down a list of Nonperforming 1st Lien Notes ranging from $10,000 to $100,000, and we are looking for additional Joint Venture partners who would like those kinds of returns.
We do all the work, selection, due diligence, boarding at licensed servicer, workout, and disposition, you help us acquire them as our Private Investor, and we split profits 50/50, after your entire investment is returned.
If you are a busy professional that does not have the time or inclination to learn all the mechanics of the NPN Note space, afraid the stock market is ready for a correction, and want to repair your 401k that is now a 101k, then contact us for more information on how we can work together to diversify into these above average returns.
Click here to see the 17 Joint Ventures we are working out. Combined purchase price of $337,806, or 38.8% of FMV of $869,700, with a total 35.8% of UPB of $943,293.
While there is no guarantee on the outcomes, though, when we are buying the notes for 20-60% of Fair Market Value, and eight exit strategies, we have many ways to exit profitably.
Please contact me for more information and our business plan.
Christopher Winkler
The Note Whisperer
Silverwood Capital, LLC
1-714-434-1441