All Forum Posts by: Joseph Atkin

@Johnson H. - Thanks for setting this up! I'm in.

Joe

@Dion DePaoli

@Account Closed 

@Matt Devincenzo 

Great discussion and information. Thank you all!

Matt, your comments/questions expanded on what I was trying to ask, so thanks for keeping this going and helping to flesh it out. 

Dion, I really appreciate the detailed explanations - this has helped me understand a lot, and cleared up the main questions I had. Also, I'll look into Fair Debt Collection, Dodd Frank, Reg X and Reg Z for better understanding (lots of homework there!).

K. marie, thanks again for all the comments and info. Using a servicer seems to be the consensus, and I surely will!

Thanks for the response K. Marie. It's an owner occupied consumer loan. Where could I learn more about the required notices and disclosures?

I'm very new to the idea of investing in notes generally, and I have a question regarding non performing notes specifically: 

I feel like I heard/read somewhere that it's not legal (or not ethical?) to directly contact the borrower of a non performing note to attempt to get the note re-performing. Is what I think I heard/read accurate? If so, how does one indirectly/legally contact the borrower to try to get the note re-performing. 

If it's not accurate, is there any nuance to how one should/shouldn't contact a borrower that I should consider? Or is it totally fine to contact the borrower as the new holder of the note?

Thanks in advance for any guidance/help.

Welcome @Ryan LaRocca ! I'm fairly new to BP (and REI), but this has been a great community to be a part of. I've been to a few local BP meetups and highly recommend it.

Happy investing!

@J Martin, I'm in for the SF Summit in June. Please keep me posted, and let me know if I can help in any way! I'm also planning on making it to the East Bay meetup on 5/28. Thanks for getting all these get-togethers together! :)

Welcome to BP @Luis Silva !

I love the Sacramento area; we just sold a house in Elk Grove when we moved to San Jose a year ago. If only I'd read Rich Dad Poor Dad a few months earlier, coulda had my first rental... Although you likely are pretty well connected, I'm happy to help in any way I can in sharing my contacts in the Sac area with you.

Best of luck and see you around the forums!

Hi @Ahmed Moussa and welcome to BP!

I'm in the San Jose area as well. Best of luck on getting the RE license, and happy investing!

Joe

Wow - y'all are a very welcoming group; your messages are very much appreciated! Specific responses:

@Johnson H. - I'll be there tomorrow. Looking forward to meeting many of you in person!

Thanks again @Robert Musallam - I was going to ask how to tag someone...

@Mehran K. - Thanks for the welcome and kind words of encouragement! I look forward to seeing you around here as well.

@Ben Stoodley - thanks for the kind welcome and invitation. I'm sure I'll have lots of questions and appreciate your willingness to help!

@Account Closed and @Pierre Belanger - thanks for the welcome - I look forward to collaborating with you here.

@Peter K. - I'm certainly up for meeting south bay. Keep me posted!

@Annunciata R. - thanks for kind words of welcome and for the great advice on building a passive income. Unfortunately, I wasn't thinking about building income at the time, but I've learned a lot since then, and I'm looking forward to learning a lot more! Regarding L-1: yes, that's something I do regularly in my office, and I'd be happy to provide guidance if you'd like to discuss it further. Looking forward to seeing you around the site!