All Forum Posts by: Gabe K.

@Bob Malecki I'm impressed you found 4 diamonds in the rough on there.  I have found 1 good one only so far.  I usually sell notes I can't work out on there.

@James Wilcox We finally have possession of this house! 

It is a fixer upper but it's in a great location with a big yard and a garage. If anyone is in to flipping shoot me an email.

@Eric Jones You can start with PPR or NNG. Write to me before pursuing option 6.

@Bruce Scannell@Mark Nolan My experiences with Sunwest have been so bad I am moving all my funds to another custodian.  They have been taking 1-2 weeks just to sign documents on my behalf.  The last document they lost for several days then magically found it again.  In addition, the communications are poor and you never know what's happening with your requests.

Lexington Locals,

We just finished the long, painful, and expensive foreclosure.  We now own the house (374 Bob-O-Link) and are trying to get the occupants to move.  Fortunately, market values have been rising steadily in this neighborhood.  Hopefully we'll have a success story to share soon.

Please note the house has a brand new furnace

@Bhekizwe M.@Dmitriy Fomichenko @David Faulkner

Thanks for your feedback, guys. David, we analyzed a pool of 1000 2nds and bought 7 of them.  The analysis took over 40 hours and this is the first one to pay off.

Our extensive research process resulted in a significant pay off this week. In September, 2015, we purchased a non-performing 2nd mortgage on a property in a desirable area of Pasadena, CA. The homeowner had not made a payment on it since 2008 and the current balance was approximately $53,000.

During the due research process, we discovered the homeowner was current on his 1st mortgage, which means he would likely want to keep the property and settle the debt. Further, we believed the note seller was unaware of the rapid appreciation in the property's neighborhood. Armed with this information, we were able to negotiate an amazingly low purchase price of $4,500 for the 2nd mortgage.

After loan servicing was transferred and collateral documents were received, we quickly made contact with the borrower to get a better understanding of his financial situation. We ended up accepting an offer from the homeowner to settle the balance of the loan for $40,000, after a discussion with our investor.

The return on this investment was $35,500 or over 750% in about 7 months.This is an exceptional outcome for any note investment. We believe this success is attributable to our extensive research process, detailed due diligence, and proactive borrower outreach.

Part of this investment was funded by a ROTH IRA, which means the gains were earned tax free. 

Great home looking for someone to make it theirs. Located close to Ashtabula Harbor, easy access to Rt 11, and in a solid neighborhood. Master bedroom with bath on main floor and 2 possibly 3 bedrooms up (bonus rm). This home has plenty of space to grow in but needs someone's tender touch to make it shine again. Come take a look to see if that someone is you! Seller financing available.

Additional details available here: Link

or call the listing agent MJ @ (440) 536-3761

Great opportunity to fix up a house. It does need extensive work and the low price reflects this. There is huge adjacent lot included also. Cash price listed..make an offer today! Seller financing available with $2000 down and $425/month. For access to the house, for questions, or to make on offer please call 800-849-3918 M-F. Please click on this link for more photos and info: Link to photos and more info