All Forum Posts by: Jay Raught

For question #2,  if you are the junior lien and you are foreclosing once the first gets paid off then you get what is left,  if there is enough equity to cover the 2nd in a FC situation then the second will not be wiped, we recently started a foreclosure from the second and we are about to do again. 

Welcome to BP! I am a note investor so feel free to reach out and ask plenty of questions, it has been a busy month with my Ohio based notes.  Good luck and I look forward to hearing from you!

You could also take the 8k and JV on a note and learn by doing. Use the podcasts and other education sources too. I bought my way into 3 notes with 10k (all of which were 2nds). I have done other JV deals using less than 50k, it can be done you just have dig until you find the right match.

Check with Pro title USA

Scott Carson has a webinar on a similar topic.  He spent three hours making calls to Special Asset managers at banks, start with this. I cannot speak specifically to getting them from hedge funds but I would start out this way. Or build a relationship with someone who already has the contacts with the hedge funds and let them manage the relationship.

@Max T. You can start here. I am using my SDIRA right now, I am considering an ESA also so I can pay for private school. I currently own 7 notes and I am in the process of reviewing another tape shortly. 

A picture helps too, if people do not have a picture it steers people away,.

Self Direct IRA with a focus on Notes?

@AJ Neal Scott is the man!!  

@Dustin Verley I invest in Notes.  I am about to get a note conference call with my group. I am not too far from you. Reach out to me and let talk about where you left off in notes.