Tax Liens, Notes, Paper, and Cash Flow Discussions

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Caleb Reits
  • Wholesaler
  • Grand Rapids, MI
34
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Looking for someone who buys NON-Preforming Notes

Caleb Reits
  • Wholesaler
  • Grand Rapids, MI
Posted May 30 2022, 10:31

Hello, my name is Caleb. I am a local wholesaler/agent in Michigan and currently have a non-preforming note in Vestaburg MI, I have never done a deal like this before, so I am going to the forums to seek advice. Anything and Everything will be taken into account thank you! 

Grand Rapids, Michigan

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Replied May 30 2022, 11:21

Are you selling the NPN?

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Chris Seveney#2 House Hacking Contributor
  • Investor
  • Northern Virginia
5,091
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6,456
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Chris Seveney#2 House Hacking Contributor
  • Investor
  • Northern Virginia
Replied May 30 2022, 16:24

@Caleb Reits

I have bought around 500 over the past 5+ years - how can I help

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Rick Pozos
  • Wholesaler, Rehabber and Landlord
  • San Antonio, TX
2,073
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2,462
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Rick Pozos
  • Wholesaler, Rehabber and Landlord
  • San Antonio, TX
Replied May 30 2022, 18:51

There are rules and laws for how you do things and it changes with every state. With that in mind, You probably need to try to contact the homeowner to see if you are going to work toward a modification or foreclosure. Either way, there are more rules on what you Can and can't do. Learn the laws for your state and get working on getting it performing again or foreclosed.

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Eddie Fernandez
  • Rental Property Investor
  • Platte City Missouri, United States
12
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21
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Eddie Fernandez
  • Rental Property Investor
  • Platte City Missouri, United States
Replied May 30 2022, 19:16
Talking to Chris Seveney would be a good start.  NPN are tricky but can be lucrative if you know what you’re doing and can be patient.  DM if you have any questions.