All Forum Posts by: Robert Harpster

I saw a month ago where you asked how to do $20K a month in performing notes. Are you still doing notes?

@Andy Mirza

Can you suggest other AVM's that may be useful?

@Todd Powell

Welcome to the forum! Lot's of really good advice here. I have received really solid input form this group on how to purchase my first note. Research your questions in the forums as there is much information that can be found. Also reach out to this forum with other questions as these members have the answers. There is so much to learn about notes! 

Best of luck to you!

@Tim S. 

Thank-you for your input! 

@Jamie Bateman

Thank-you Jamie for your comments! 

@Andy Mirza 

Thank-you for your comments. As a beginning note investor, I feel a performing first is the place to start. I've looked at payment history, online searches of property, equity, and verified taxes are current. Tried aso to get an idea of who the borrower is. I feel my next step is to order a BPO and then a preliminary title search. 

Thoughts on a performing 2nd offered at 50% of UPB and a performing 1st. Both combined are 71% of property value. Is this a red flag?

@Jay Hinrichs  @Christopher Winkler

Appreciate the input! 

@Chad U.

Good information. Being new to the note business I do not necessarily want to have a foreclosure on my first note. So I find myself possibly over-analyzing the property itself (buying the note not the property), the specific state and judicial vs non-judicial, the market of the neighborhood (appreciating, hot vs cold), and even the particulars of the borrower. The numbers are there and make sense. But I'm focused to much on the what if's.

@Bob Malecki 

Thanks for the information!