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All Forum Posts by: Alberto Artasanchez

Alberto Artasanchez has started 0 posts and replied 48 times.

Post: seminars in nyc?

Alberto ArtasanchezPosted
  • Real Estate Investor
  • Manalapan, NJ
  • Posts 56
  • Votes 17

This event is not free but it is very reasonably priced for the value. I am not the owner of this event but I know Nick Tang well and I recommend him.

Distressed Mortage Expo

Post: Good sources of further education for note investor?

Alberto ArtasanchezPosted
  • Real Estate Investor
  • Manalapan, NJ
  • Posts 56
  • Votes 17

The correct site for PPR's training  is PPR Note Academy

Post: Loan servicing Company

Alberto ArtasanchezPosted
  • Real Estate Investor
  • Manalapan, NJ
  • Posts 56
  • Votes 17

I believe you are going to have a hard time finding a company that reports to the bureaus and that caters to small note investors. All the companies I know that can on-board a small amount of notes do not report to credit.

Post: Loan Servicer

Alberto ArtasanchezPosted
  • Real Estate Investor
  • Manalapan, NJ
  • Posts 56
  • Votes 17

These companies specialize in catering to companies that don't own a significant amount of notes.

FCI

Note Servicing Company

Madison Management

Post: I am carrying a note... best way to check borrower's credit?

Alberto ArtasanchezPosted
  • Real Estate Investor
  • Manalapan, NJ
  • Posts 56
  • Votes 17

@George P. 

My recommendation would be to engage a mortgage broker to help you do the underwriting and document creation. With all the new CFPB rules, it would be cent wise and pound foolish to do it without them. The broker should be able to help you pull credit.

Post: Newbie from Annapolis, MD

Alberto ArtasanchezPosted
  • Real Estate Investor
  • Manalapan, NJ
  • Posts 56
  • Votes 17

Good luck Tony. The longest journey starts with the first step.

Post: We downsized our primary home and now have $500K spare.

Alberto ArtasanchezPosted
  • Real Estate Investor
  • Manalapan, NJ
  • Posts 56
  • Votes 17

@Alice B. 

If you are not familiar with RE investing, I would recommend to do two things

1) Start out small. It's better to make small mistakes than big mistakes. You will undoubtedly learn either way.

2) Diversify. As other posters mentioned, there are many investment vehicles in the RE space. Private Lending, Note Investing, Landlording, etc.

Post: Mail for me going to the rental

Alberto ArtasanchezPosted
  • Real Estate Investor
  • Manalapan, NJ
  • Posts 56
  • Votes 17

Hi Vicki,

You might want to give this a try. It should work for you:

https://www.optoutprescreen.com/

Post: lien flipping

Alberto ArtasanchezPosted
  • Real Estate Investor
  • Manalapan, NJ
  • Posts 56
  • Votes 17

Hopefully I won't offend anyone on this thread but I will throw out a different perspective from @Jon Holdman and @Dion DePaoli . I am not a broker as I prefer buying, holding and selling my paper, but I do know a few folks that make a nice living as note brokers and because of their position, they get a first crack at the best notes. I am always looking for product and as long as the price is right, I don't care who is getting a cut of the proceeds. Some of my best trades have been because brokers have found them for me including from banks and servicing companies. Having said this, the biggest 5 or 6 banks tend to deal with direct parties instead of having a middle man. My focus and area of expertise is on the residential side so it might be different for commercial notes. As the fine gentlemen stated though, it takes some time to ramp up in any endeavor. All the best.

Post: Eddie Speed

Alberto ArtasanchezPosted
  • Real Estate Investor
  • Manalapan, NJ
  • Posts 56
  • Votes 17

I have attended a few of Eddie Speed's conferences. He is a dynamic speaker and a great teacher. He has been in the notes space longer than most anyone. As far as I know his specialty is first mortgages and trust deeds. No, I am not affiliated with his company.