Note Investing Under-Discussed Topics

[Chris Seveney]

For note investors, what are the topics you feel are not discussed enough in the note space ?

My top 3 are:

1. Understanding and evaluating risk as part of your due diligence in calculating bid price

2. Due diligence on the seller and if they are legitimate (have a great example today where I have seen a tape now for 2 years and the sellers BPO goes up every time on vacant assets - one which I did a BPO on and the property is worth $30k (since it doesn’t have any doors or windows) and seller says $140k (up from $100k from April) - where seller has a very negative reputation in the space)

3. Legal ramifications in the industry.

3.

[Chad U.]

Direct communication with the borrowers.