All Forum Posts by: Masaki Maeda

Glad to speak with anyone looking to get started with real estate investing.  Send me a DM and can talk further.

@Temi Olukoya Hey Temi.  I live in the Charlotte area.  Will send you a DM.

Hey Albert, let's talk about what may be of best fit for your situation.  Send me a DM

Thanks,

Saki

@Adam Berlinberg

Hey Adam.  I've been in real estate for a good bit now and started my own business once I was able to have the confidence that there is good money to be made.  If you'd like to discuss some options and what may be of best interest to you, I'd gladly exchange phone numbers or email addresses to see what fits you best.  Send me a DM.

Thanks,

Saki

@Shawn Stimmel

Hi Shawn, I have some properties in Lima I’d like to speak with you with. Could you send me a DM and we can speak further?

@Saravanan Saravanan

- 6 month redemption period

- If tax sale, all funds from the sale goes to the county

- CFD - 50% equity, must foreclose as opposed to eviction

- CFD - 90 day wait period given to the borrower to reinstate

All in all, MI is much better than OH and IN

With all of the new bills going against note investors (notes and CFDs), especially in Indiana, Michigan, and Ohio, what are some of your favorite States to invest in? Some things I consider are foreclosure timeframes, licenses, and eviction vs. foreclosure parameters.

@Chris Seveney I agree that most of the risks which were said prior can all be mitigated by proper due diligence.

I really stick to the concept that if I wouldn't invest my own money into it, I wouldn't ask a JV partner to fund such a deal.

I usually try to get opinions from two attorneys for State foreclosure laws and two realtors for CMA's to ensure the investment has a reliable collateral on it to cover the investment with good returns.

As you mentioned, I would say the biggest fear is that we can’t see the inside of the house prior to purchasing the note. Still, I think that’s why it’s important to only buy Occupied notes rather than vacant.

Sometimes it’s tough to tell a funding partner that the deal fell through because it failed our due diligence, but I think it also builds a trusting relationship when you tell them that and be fully transparent.

Golden rule for me is: Stick To Your Numbers!

@Ken Calvin Ken, I live in Tampa and invest in the area.  I can tell you about good areas and up and coming areas and areas to stay out of.  If you have a property here and need some boots on the ground I can help with that as well.  I am currently working for a commercial general contractor so have contacts as well if you need.  

PM me and we can speak further.  No need to pay me or give me anything, I'm here to help.  

-Saki-

@Nicholas Mullens Like @Brock Mogensensaid, make sure you know how to calculate the numbers. It may not be a bad idea to check out a local REIA club and find someone doing the same or a mentor. Also, as long as you make sure it's a long term investment, you should be fine. Also, don't forget to include CapEx and Maintenance!

If you ever want to learn about note investing, you can always contact me and I can give you the main concept.  There's alot of good training out there, but I can at least get you the main idea.  

Good Luck!

- Saki -