All Forum Posts by: Jay Raught
Jay Raught has started 8 posts and replied 244 times.
Post: Hard money for Real Estate notes or texas tax deeds?
- Investor
- Newark, DE
- Posts 248
- Votes 178
You are better off trying to JV with someone. I haven't seen any hard money deals with notes.. That doesn't mean they are not out there.
Post: Am I buying a 1st or 2nd mortgage (Florida)
- Investor
- Newark, DE
- Posts 248
- Votes 178
@Matthew Thorp the second might be dismissed, it might not. Even if it is dismissed a lien could remain. There are several factors in play. If it is not dismissed it is all yours. Oh and the second lien-holder can also foreclose.
Post: How involved is investing in performing notes?
- Investor
- Newark, DE
- Posts 248
- Votes 178
It depends on whether or not you invest in Non-performing or performing notes. NPN's are involved, PN are not. There area few books... check here for more info.. https://www.biggerpockets.com/forums/70/topics/411915-where-to-find-education-on-notes
Post: Tips on calling new borrower's NPN, intro, workouts, phone script
- Investor
- Newark, DE
- Posts 248
- Votes 178
Short version, let legal handle it. I have yet to speak with any borrower.
Post: Passive income Ideas?
- Investor
- Newark, DE
- Posts 248
- Votes 178
@Kim Smith check this thread out. https://www.biggerpockets.com/forums/70/topics/411...
This should get you started. Good luck!!
Post: Jumping in the Note business
- Investor
- Newark, DE
- Posts 248
- Votes 178
ASAP and non-performing notes,,,,, there isn't much ASAP with notes. they take time, and they will cost you $$$ if you buy the non-performing ones. Start with a performing note so you can build cash flow. If you go NPN, it will require time and possibly some $$ if you have to foreclose, use borrower outreach etc. Good luck, and remember, slow and steady wins the race!
Post: Where I can buy NPNs in MN only?
- Investor
- Newark, DE
- Posts 248
- Votes 178
Very interesting!!
Post: is anyone buying notes?
- Investor
- Newark, DE
- Posts 248
- Votes 178
Buying, selling..
Post: CHASE short sale timeline questions
- Investor
- Newark, DE
- Posts 248
- Votes 178
That 2nd may not get paid back, but the can place a lien..... How much equity is there? We recently Foreclosed from the second position and we are now being paid..
Post: Question on Performing Notes Due Diligence
- Investor
- Newark, DE
- Posts 248
- Votes 178
I see pools of NPN all the time and have yet to have a list of the borrowers SSN.... In order to pull credit you have be the borrower or go through certification process that involves having an office, a locked cabinet etc etc... IF the note is performing there is a good chance that part of the credit is worthy.... if its not performing,,, well that's another game!