All Forum Posts by: Dyllon G.

There isn't an industry standard for pricing non-performing notes. Most people build their own pricing tool. A lot of it will depend on your preferred exit strategy and the type of npn's you are bidding. If you do find a good off the shelf calculator, just make sure you understand everything it is doing. Also understand npn's have a ton of volatility. So although you may calculate returns for various scenarios, what you are really trying to understand is the range of possible outcomes and then what the probability of those outcomes are. For example, my calculator assumes different timelines depending on the state. The timelines can vary based on whether the borrower decides to put up a fight. But I never considered the possibility of those timelines being extended due to foreclosure and eviction moratoriums from a global pandemic.....

Hi Dan,

Thank you for your input. I'm definitely taking my time to learn, figure out how to mitigate risks as much as possible and try work that into a pricing modeling.

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Originally posted by @Terrence Evans:

Google 'revival brothers' has an excel based package called IPA that could be what you are looking for. It costs a few hundred.

Thanks Terrance! I'll check out the website!

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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

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Originally posted by @Alina Trigub:

@Dyllon G. Welcome to BP community! As you noted correctly, there's a wealth of knowledge here - plenty to learn from. While you're in learning mode you have to decide what particular niche within RE investing you want to concentrate on! And then learn all you can about it prior to taking action. You can do the latter through books, education you're getting, and networking with like-minded investors. In terms of networking, I run a local meetup in NYC. You can find more details under my profile and join us.

Best!

Hi Alina,

Thank you for responding. I am most definitely interested in attending a local meetup. I'll look out for more details.

Regards,

Dyllon

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Good Morning BiggerPockets,

My name is Dyllon Gibbs. I am student in the NYU Masters in Real Estate Development Program, starting my second semester at the end of the month. I am coming from a background in Urban Planning and environmental consulting. I am looking forward to learning anything and everything about RE investing and connecting with the bright minds on this forum.

I can already tell there is a wealth of knowledge and information on this site, but I was hoping someone could provide guidance as I am just starting out and making the jump from the related field of Urban Planning. I know networking will be an important first step. Real estate investing is a fascinating concept, specifically multi-family real estate investing, but it seems like it is difficult to begin in New York City. I also have some connections in Atlanta and knowledge of that city as well.

Any and all advice is greatly appreciated, I am really looking forward to becoming immersed in the world of real estate, working hard, and in the process finding financial freedom!

Dyllon

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All Forum Posts by: Dyllon G.

Dyllon G. has started 8 posts and replied 15 times.

Post: Streamlining Bid Process

Post: Streamlining Bid Process

Post: Streamlining Bid Process

Post: New To the Forum - NYU Student

Post: New To the Forum - NYU Student

Dyllon G. has started 8 posts and replied 15 times.

Biggerpockets Logo Post: Streamlining Bid Process

Biggerpockets Logo Post: Streamlining Bid Process

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Biggerpockets Logo Post: New To the Forum - NYU Student

Biggerpockets Logo Post: New To the Forum - NYU Student

Post: Streamlining Bid Process

Post: Streamlining Bid Process

Post: Streamlining Bid Process

Post: New To the Forum - NYU Student

Post: New To the Forum - NYU Student