Investing in non performing Loans
I am by no means an expert on NPLs, but I was at a conference a couple weeks ago and learned a ton from Granite Loan Solutions. Here's my article on NPLshttp://investfourmore.wordpress.com/2013/05/29/investing-in-non-performing-loans/
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#3 Guru, Book, & Course Reviews Contributor
- Investor, Entrepreneur, Educator
- Springfield, MO
Yes Mark, I have purchased a few in my day (LOL), it's what I did for twenty + years, never counted, but probably modified over a thousand contracts/notes over the years, brokered more than that, held and refied hundreds, portfolio is still in trust. Notes and lending being the area of greater expertise you might say.
Still thinking about a book, many have asked so I guess it will be written when I get enough round-to-its.
NPNs are not for the faint of heart or one with limited RE knowledge, not really a beginner's best bet. You should do fine with your experience as a broker..... Good luck...... :)