Understanding Performing vs. Non-Performing Note Investments There are 2 kinds of notes that you can buy: performing (that is, the note is being paid as agreed by the borrower) and non-performing (the payments are not being made, and the note is “in default”). Usually, when you buy a non-performing note on a vacant home, your…
In every single city I visit, I’m challenged with some version of this statement: “Our market is so hot that it’s really not possible to buy deals at investor prices right now—much less at wholesale prices.” And I mean EVERY city, from Nashville to L.A. to Toledo. In fact, I hear the…
Hindsight is, as they say, 20/20. IF ONLY I could go back to 2006, cash in all my properties, and use the money to short Fannie Mae stock. Sigh. But daydreaming that you could have had foreknowledge of something as earth-shattering as the real estate crash is one thing; continuing to act in ways that…
Every entrepreneur at every stage of starting or building a real estate business has a single problem in common: too many “to dos” and not enough time to do them all. And this isn’t just a practical problem; it’s an emotional one as well. There’s nothing pleasant or motivating about the feeling that there’s too…
You and I both know that you aren’t gonna be reading and digesting a long business article at this time of year, so we’ll keep it light this week. Don’t ask me why, but I have, over the years, accumulated an enormous amount of real estate poetry. The muse usually strikes me around Christmas time,…