All Forum Posts by: Terrence Evans

@Michael Whillock  There are number of free podcasts, meetups, and/or facebook groups to initially immerse you in notes.  Some of the folks on this thread run those resources.  Myself and Chris Seveney (his has been around a while).  Ellis co-started FIBI so there may be a chapter in your area.

You guys should have a REIA or other real estate investing club down there.. I would start attending the meetings and go from there. I will tell you though that you should NOT use all of that money taking someone's class.

Exactly.  I've seen these posts out there suggesting that 2021 will be like 2010 where you would have all of these NPNs out there selling for $.40.  LOL. Ok.

There may be *more* on the market but they certainly are not selling for cheap when in 2020 the NPNs are selling for .70.  That doesn't really reek of opportunity to me.

FC in Florida takes a year-ish depending on where you are in the state.  That is according to my FL lawyer. I currently have a semi-performer in S. Florida.

Mortgage Note Summer School is the brainchild of Terrence Evans, founder of Terreva Investments and the Monthly Brunches of Notes meetup group based in metro Los Angeles, and Saprina Allen, note industry veteran and President of Main Street Asset Solutions, Inc. It was conceived first as a natural progression of Terrence's meetup group and second as a means to assist new, struggling note investors.

MNSS is meant for folks who fall into one of two categories:

• You are an aspiring note investor who has received a limited note education in the past (from websites, books, podcasts, and webinars) but you now desire a deeper level of understanding, or

• You are a passive investor but would like to understand better the nuts and bolts of note investing in order to improve your decision-making.

What will separate Note Summer School from other available live training workshops is the coverage. Many workshops out there ONLY teach attendees about Non-Performing, 1st position mortgage notes. There are others that ONLY are meant for beginning investors. MNSS will cover both Non-Performing Notes and Performing Notes as well as first position notes and seconds. We will walk you through the entire note investing process - from scanning spreadsheets (tapes) for good candidate assets to performing due diligence and how to calculate your potential profits (or losses). We also will tackle how to purchase assets, servicing, and executing your exit strategies. We will teach you about some of the potential pitfalls that can kill your investment along the way, including the various federal and state regulations that have popped up in recent years.

To learn more, go to http://www.note-summer-school.com

Have you wanted to invest in real estate but thought that California real estate is too expensive? Have you wanted to invest in real estate without the fear of toilets, trash, and tenants? Do you have questions about notes but you were either afraid to ask or did not know who to ask?

Mortgage Note Summer School (MNSS) is a two-day interactive, hands-on virtual workshop that teaches YOU how to be the bank through the power of mortgage note investing.

Mortgage Note Summer School is the brainchild of Terrence Evans, founder of Terreva Investments and the Monthly Brunches of Notes meetup group based in metro Los Angeles, and Saprina Allen, note industry veteran and President of Main Street Asset Solutions, Inc. It was conceived first as a natural progression of Terrence's meetup group and second as a means to assist new, struggling note investors.

Workshop Agenda

• Mortgage Notes—An Overview
• Getting Started
  • Funding Sources and Self-Directed IRAs (Conducted by Belinda Savage)
  • Entity setup (Conducted by Susie Berg)
  • Asset protection (Conducted by Cheri Hill)
  • Establishing your team
• Sourcing Notes / Evaluation of a Tape
• Performing Proper Due Diligence

• Evaluation of Potential Exit Strategies
• Closing your note deal
• Note servicing and managing your borrower
• Executing your Exit Strategy
• Staying in Compliance with Regulations / Potential Challenges to Note Investors

Event URL: https://www.eventbrite.com/e/july-monthly-brunches-of-notes-creating-note-funds-panel-discussion-tickets-111389065694

The next evolution in anyone's real estate investing game is going from funding deals yourself to funding deals with other peoples' money (OPM). Come to the July MBON to hear from individuals who have done this and continue to do so today.

July's webinar will be a panel discussion featuring three active note investors - Saprina Allen, Amed Hazel, and Joe King. Each of these investors have raised significant amounts of capital to create investment funds to purchase note pools or raised money from passive investors to utilize in specific real estate deals. Listen to their respective stories and advice for those of us who aspire to employ OPM in our note businesses!

Feel free to ask questions!!

A few housekeeping notes:

1) Please turn on your cameras!

2) The meeting starts at 10AM PT sharp. Please join the call sometime between 9:45 and 10AM so that we can start on time.

3) Feel free to eat during the call! We don't do stuffy REI meetings here. There will likely be a sweet grit (aka porridge) debate that might occur. You never know!

Bios:
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SAPRINA ALLEN
Saprina Hawkins-Allen has nearly two decades of investing experience in many facets of real estate and specifically debt collection portfolios. Her experience includes foreclosure, mortgage deficiency, brokering notes, note buyer, servicing, compliance, and even medical collections and more.

Currently, she is employed by Main Street Asset Solutions in Reno, Nevada as the President. Noted and praised for her work on bringing humanity and compassion while working with delinquent loans, her motto has forever been: “every home has a heartbeat.” This has served her well as she is perhaps the nation's leading bad mortgage restructuring negotiator and note servicing advisor.

AMED HAZEL
Amed is the co-founder and Managing Partner of Premier Capital Investments, LLC, Premier Fund Management Group and Legacy Builders Management, LLC. Amed entered the real estate business as a wholesaler and in a very short span closed over 130 wholesale deals. He also incorporated short sales, lease options, rentals and other real estate strategies. Amed shifted gears and broke the barriers of Wall Street to open the nonperforming note business to the public.

Over time and hundreds of deals later he founded Premier Fund Management Group LLC. An investment fund for high net worth individuals to invest capital for passive returns. Amed has been in the real estate business for more than 20 years, and works as a consultant in the real estate industry, specializing in non-performing notes. He created an algorithm that shows exit strategies and their profit margins so investors will know exactly how much profit is coming from a deal. He is an internationally recognized podcast personality and educator, and the author and creator of Note Buying Cash Machine, an online training platform for investors to learn the ins and outs of the non-performing note business.

JOE KING
As co-founder and Director of Operations at Revival Brothers, Mr. King has been responsible for taking the company from a fix and flip rehab business into a real estate investment company, focused on acquiring and managing residential Notes and off-market REO for passive investors through funds and Joint Ventures.

When the company was first founded, Mr. King initiated the development of a predictive analytics tool that would become known as IPA (Ideal Property Analyzer), an excel analytics application designed to quickly access property values with two goals in mind, to mitigate risk and maximize returns. The development of IPA eventually led to the expansion of a new program designed to bring pre-analyzed, cherry-picked, assets to buyers. Additionally, he has spearheaded their mentorship and cashflow programs for investors and business owners. With the development of these new resources, Joe has created opportunity for all types of investors from passive to active

@Chris K.:

A few details... It's residential in Philly.

I agree on your other 2 bullets. I've experiencing them now with my others.

But could you give me a realistic best case on legal fees? Whether we are talking uncontested or not & assuming no BK or deaths, is it closer to 5k or 10k?

Separate question: Are residential land contracts treated differently in in jud states? Meaning would u still have to FC rather than cancelling the contract?

Hello everyone... I was wondering if someone who has bought NPNs in Pennsylvania could chime in here.  I am interested in one there but I'm wary of jud states.  My 2 current notes are in non-jud states.

Can you give me an idea of what to expect timeline wise? and ballpark cost for legal fees?  I have more questions but let's start here first.

Thanx,

Terrence

@Account Closed: See, this is what i mean.  Please explain.  What is your definition of good? Let's start there. My definition of good is using full or close to full leverage on a property and still being able to get >25% margin (rent - expenses).  I couldn't dream of doing that here in LA/OC. Like at all. U need 30-40% down minimum to flow.