Streamlining Bid Process
Hi Forum!
I am relatively new to the world of real estate notes. I am working with someone at the moment who has experience in this form of investing and they are teaching me the ropes. I am wondering if there is a more streamlined process or industry standard that is used to determine the price to bid on nonperforming real estate notes or put together something like a profitability profile.
For example, I receive a portfolio of notes in an excel sheet with the loan number, loan amount, UPB, loan program and type, interest rate, term, etc. The typical way I might determine the price to offer is to use BPO value - asking price - costs (legal, interest, etc.) and derive a bid. Is there a way to streamline this process, software that isn't expensive, or a model someone might have already that would streamline the process?
Thanks in advance for any input!
Dyllon