All Forum Posts by: Ali Shah

Joe, may I ask how much discount did you end up getting it for and what the negotiation process was with the solar company??  thank you 

Toni,

those departments will be for your smaller, local community banks. Prices vary based on location and product itself. Larger banks dont sale to smaller investors like me and you unless you have really deep deep pocket and can cut a check on the spot for $50 mil plus, given the fact you have bought from them before and have inside connection and a solid resume of note buying.

Now these days the community banks in trouble have either been shut down or their balance sheets have gotten stronger, if they sale NPN's their pricing may be ridiculous.

so called GURUS just sale information that has not been tested or proven to be right..all hype, they could do such thing they will be the last to share their secrets

don't fall for it..ask for physical prove then you will know better

my suggestion is to do all of the above, no magic pill as best result rather than different ways to generate new leads and business.

I agree with Marc as a certified third party will be the best option

Ozzy,

as mentioned above look for reputable hard money lenders in your own area and many lenders offer what Norris group does. at the end of the day with any investment you want to be very low risk and high margin.

Most people look at real estate as high risk, high reward and I am very anti that, with every investment comes risk, now it all depends how you want to handle that risk, either by pass it(don't even invest into it) or simply minimize it by making sure its very low risk.

Real estate investments are NOT passive at all unless you just hand over your money to someone and let them do every thing and make sure they pay you back plus interest and there is recourse, you also want to look into as if you ever needed to liquidate how fast can you be out and how much control can you have over it.

you can look up sample of LOI's on line and then customize what you need to that specific transaction and asset. LOI is typically not a Binding contract as it states what you are willing to do if the other party provides such and so on...

once properties become REOs the lenders want to get every dime out of them as they can and it makes sense,pre-foreclosure if you are bringing enough value and pending of positioning of the lender then you have a good chance getting good deals.

2012 is the biggest year for commercial real estate note becoming due hands down.... research done by marcus and millichap

as long as banks have these assets right down to where they need to be they can take a discount selling notes, but if the assets is not charged down, its very hard for them to take such big discounts as regulatory wont allow them.

I think 2012,2013 most lenders will be willing to work big discounts on their non-performing stuff.

I dont believe there are any magic system rather than good old fashion work. These so called gurus just sale information that they have not even tested. Most of them do at least