Updated almost 7 years ago on .
EP 347 – THE CRYSTAL BALL OF MORTGAGE DEFAULTS WITH B.PALOMBO
If you have a crystal ball to look at mortgage defaults, what would you do? Scott talks with the man who knows what, Brecht Palombo from Distressedpro.com. They discuss the residential and commercial note markets and what opportunities you should be tracking. Brecht is a licensed auctioneer and real estate broker in a number of states. He imparts his knowledge on commercial deals, highlighting how cash flow and the cap rate plays into that. Bringing up the usual problems of note investors who love to do the bare minimum, he encourages them to stick to the deals and do the due diligence on them. He also talks about how banks rebuild returns up for the end of the year and shares what he is working on over the next twelve months.