Foreclosure Always Gets A Deadbeat's Attention
Friday, August 19
We just heard back from a foreclosure on a 1st lien note we picked up last year in Fort Meyers, FL. When we bought it, it looked promising, manicured yard and a Cadillac in the driveway.By the time we saw it when we were out in the area at a mastermind, the tub was in the front yard, Caddy long g...
Silverwood Capital Case Study #5: Lemons To Lemonade #2
Wednesday, July 13
Here is a case study of a 1st Lien Non-Performing Note we picked up in Kenosha WI with one of our JV Partners where we made a 28.5% ROI in 243 days. For a while, it seemed like death by 1,000 cuts with the city of Kenosha and all the little things. If you have any questions on this Joint Venture ...
Silverwood Capital Case Study #4: Rule #1; Don't Lose Any Money!
Sunday, July 10
Here is a video we made of a Case Study on a Non-Performing 1st Lien Contract For Deed. You will find out how it played out, how much we made, in how long, and the many lessons we learned. I hope you enjoy it as much as we enjoyed making it...
Buying A Note Is Like Buying A Boat
Friday, May 06
You have heard the old saying in Real Estate, the profit is made when you buy. How true that is! We have found that not matter if you are investing in Non-Performing Notes (NPN’s), or ugly houses, you HAVE to take into account ALL the costs you will run into from the day you buy it, until the day...
Patience Is Worth A 1st Year 34.9% Cash On Cash Return!
Monday, April 25
We picked up this 1st Lien Non-Performing Note in Port Huron, Michigan last year with one of our Joint Venture Partners. When I saw the property, I made a quick offer that was accepted, and we started contacting them to try to work it out.The prior owners had tried for a while to get them repayin...
Irrational Note Exuberance?
Tuesday, April 12
Is it me, or are we experiencing Irrational Note Exuberance? We have been making a lot of bids in the last three months on 1st lien, and 2nd lien notes and it seems the majority of the bids are lost to others who are bidding more than us. We are following a stair step pricing guideline I learned...