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All Forum Posts by: Paul Chapey

Paul Chapey has started 4 posts and replied 90 times.

Post: Hard Money or Private Lender in Charlotte

Paul ChapeyPosted
  • Investor
  • Canyon Lake, CA
  • Posts 92
  • Votes 34

@Kristen Fennig Winning properties at North Carolina trustee sale auctions is difficult. I'm sure you're aware of the upset bid process. 
https://hutchenslawfirm.com/bl...

Post: Anyone have success with AHP servicing?

Paul ChapeyPosted
  • Investor
  • Canyon Lake, CA
  • Posts 92
  • Votes 34

@Quentin McNew I received my redemption in September. That was from a March request. Their communication wasn't good, and they were unable to commit to a time frame. However, in August, they said the redemption would take place in September. To their credit, they kept to their word on that. It was a sizeable, partial redemption.
Try to contact Jorge Newberry. He'll give you a straight estimate.

Post: Passive Investing for not so dummies

Paul ChapeyPosted
  • Investor
  • Canyon Lake, CA
  • Posts 92
  • Votes 34

@Eric J Platter You might consider becoming an accredited investor through certification.
https://www.forbes.com/sites/a...

Post: American Homeowner Preservation (AHP) Fund

Paul ChapeyPosted
  • Investor
  • Canyon Lake, CA
  • Posts 92
  • Votes 34

@Marco Bario AHP Servicing Fund is making redemptions but they take some time. My March 23 request for a partial redemption was paid on September 28.

Post: American Homeowner Preservation (AHP) Fund

Paul ChapeyPosted
  • Investor
  • Canyon Lake, CA
  • Posts 92
  • Votes 34
Originally posted by @Jay Hinrichs:

keep in mind IB and AHP are completly different business's and business models.. one is distressed notes work them out.. the other is a day to day hard money lender.. huge difference. 

Actually, Jay, the "huge "difference" isn't in their business structure but in their investor-relations departments. That was my point.

Post: How best to find counties friendly to STR?

Paul ChapeyPosted
  • Investor
  • Canyon Lake, CA
  • Posts 92
  • Votes 34

@Alan Ford I live in Mooresville, a Lake Norman community, and I see many STRs in Mooresville. I think Lake Norman encompasses at least four counties: Iredell, Mecklenberg, Catawba and Lincoln. There are many cities and towns. North Carolina counties are very small in size, a fraction of CA. county size.

I moved to the Lake Norman area five years ago from Canyon Lake. From 2011-2015 flipped about  15-16 houses in Temecula. I like Temecula a lot. I lived in SoCal for 45 years. Lake Norman is a fantastic place.

Post: Alternative to PPR note funds

Paul ChapeyPosted
  • Investor
  • Canyon Lake, CA
  • Posts 92
  • Votes 34

Signup for free membership in @Ian Ippolito's Private Investor Club. You'll find very thorough reviews and analysis of note funds and other alternative investments. It's by far, the best source for this type of information.
https://www.therealestatecrowdfundingreview.com/about

Post: 1% rule properties in the Lake Norman, NC area

Paul ChapeyPosted
  • Investor
  • Canyon Lake, CA
  • Posts 92
  • Votes 34

@Tim G. You're right about Lake Norman being the only area to move to from San Diego County. I lived in Leucadia for 27 years. I still have a rental in Oceanside.

There is a Lake Norman Meetup. I haven't attended it but the person who organizes it is a member of Bigger Pockets. Her name Caten Murphy.
Here's information on a prior meeting. The contact information is there

https://www.biggerpockets.com/forums/521/topics/728618-lake-norman-re-meetup








Post: American Homeowner Preservation (AHP) Fund

Paul ChapeyPosted
  • Investor
  • Canyon Lake, CA
  • Posts 92
  • Votes 34

@Jason Monaco I don't know where the link can be found. I suggest that you contact customer relations at AHP, tell them you're a potential investor and ask for access.  There was another webinar a few months ago that you may also want to see.

Post: Social Media for Agents/Investors (YouTube, Facebook, Instagram)

Paul ChapeyPosted
  • Investor
  • Canyon Lake, CA
  • Posts 92
  • Votes 34

This is an excellent site on real estate photography:

https://photographyforrealestate.net/

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