All Forum Posts by: Daria B.

 I just offered up the Florida statue that John referred to in his initial post. You asked what the statue was and I looked it up and provided it - I have no opinion either way as I am not a wholersaler nor am I a licensed re agent.

@Johnquel Jones

http://www.leg.state.fl.us/Statutes/index.cfm?App_...

I have a BS in Computer Science from Florida A&M University. I've spent the last 34 years utilizing what started my foundation - and I was good at it. As I am no longer pursuing anything in that field, real estate has now become my replacement passion.

Now did it help with my real estate investing - in a round about way I would say yes. It wasn't necessarily a direct correlation given the fact that neither have anything to do with one another. I wasn't always stuck in the computer and although I did learn a lot of the technical, I also had opportunities that I believe help me as an investor.

I am still new to the note space and I'm trying to figure out where you got 27% . UPB/VALUE gives 52%.

 I completely understand and terms and conditions should always be amendable and amenable for both parties. This was my 1st and needless to say I asked a ton of questions and made inquires for some time prior to inking. JVing isn't for just jumping in with no understanding of the person, process, or planning. My friends would describe me as having a closed fist around my $ so tight that my fingers come out the back side. lol

Since you are already getting notes from these individuals, I don't know whether to call them brokers or actual holders of the notes, it could be a good tool for learning on your own time.

@Account Closed

Understandably so I agree with needing that mentorship. I was fortunate to get this from my JV who is also a good sounding board - I get explanations that I can compare to those that I've look upon with good content.

My JV agreement allows me to buy, if I wish based on what I'm looking for so I'm not forced into anything I don't find appealing. You'll also want someone that serves as a safety net, so to speak, and make sure that you really understand what you are getting into.

Though it sounds like you want to find a company to service, do loss mitigation, hold your collettral files, etc (the full Monty :-))

 Gracias!

 Ok, so you're saying yes, this is generally acceptable? 

XYZ is the parent company of ABC.

In an NDA, if the company name "by and between ABC Company and {me the investor}" is not the same as the remaining document, which all references are to the parent company name XYZ, is this still valid or good?

Shouldn't the NDA for which one is signing be the same company name throughout? Or is using the parent company name ok to use?

Best practices?

Thanks

@Account Closed

You're asking the good questions instead of just jumping in and buying and "then" asking "what do I do now".

For your 1st ?, I have not heard of that site so I can't speak to it but I do know there are lots out there.

For your 2nd ?, what did you do to get approached, that you know of? I ask because generally I think others read through profiles or just look at conversations and then send blanket requests, some may be legitimate while others are not.

I have been investing in Notes since last Sept-2016 with a JV partner that I met in a local REIA prior to our becoming partners. I started off in 2 REIA and remain with one since my focus is on what that REIA offers. We met over a year ago prior to my getting into Note investing so we got to know one another regarding investing and in what (ie notes, buy and hold). He has been doing this for 15+ years and I've learned a lot just by attending the REIA for which he is the founder, meeting with other Note investors and reading, reading, reading, and lastly, actually doing the investing and not just being passive. You may want to try and find a JV partner that is experienced to learn from and potentially stick with (perhaps multiple JVs over time) for investing.

It requires a lot of work, I think more than buy-n-hold ( I have SFR that I have had for some time and in my opinion for what I have had to deal with, it's a lot easier ). There are lots of people that find this illuminating and not tiresome at all - they have over time hired people to do one specific thing and once they have a good team of people in place it likely runs a little smoother.

The decision to "manage" the process from beginning to end, including the on-going of keeping up with the Note is not what I envision myself doing at this point. You need to find a good servicer, attorney (if foreclosure is warranted or just attorney-like initiatives, if you hire people then you need to make sure they know what to do for what you need them to do), and just staying up on what is going on with the Note - I'm not sure where the "service" stops with a servicer - do they contact the Note holder if payments are late (still learning the process so....).

I only recently attended a series of sessions from Note investors who presented some content about Note investing and also "product" they wished to sell, which is usually some sort of software or "process" they came up with that helps them manage, buy, etc. Because there are so many "training" entities out there, it makes it difficult to find what will work for you.

If you wish, PM me and I can tell you those that I found to be helpful with the content and not so much the sell, sell, sell.