Ready - Aim - Fire!!!

Next Step

We have studied the Ready - Aim - Fire!!!!!!!!!!!!!

Now it is time to add to that, Reevaluate, Reload and Fire repeatedly. Use what you have learned and adjust what needs to be changed and do it again.

You can sit back and do what the masses do and you will get what the masses get. Poor!!!! Or you can "figure it out", adjust and get on down the road. The Note buying business is a lot the same. We have finished taking 50+ of our first loans out of the Non-performing status and moved them up to Sub-performing status. If they pay on time for the next 6-9 months, we will move them up to the Performing status. By the way, those 50 have an unpaid balance the same as we paid for the 150 loans. We still have some that are in foreclosure, reo status and some under contract to close and we actually have cash in the bank.

Our adjustment was to look for loans that required less work and had value added. The ones we are buying already have Broker Price Opinions and Title/Taxes completed. This allowed us to do our Due Diligence prior to entering into an agreement to purchase. We are paying more based on the BPO and the Unpaid Principle Balance than we did the first time around, but we will speed up our turn around time by 2-3 months and we know where we stand on value and taxes at the very beginning.

In addition to these tapes, we have been buying loans from Colorado based banks that have loans on the books that are scratch and dent loans or they have been had credit write downs by the Feds. We look at correcting the problems on the loans, if there are any, and then selling a string of payments to investors to match their investments criteria for investment amount and yield. We will keep the tail end of the note for our future returns.

Reload and fire again.