How mortgage note investing works, start to finish.
We follow 1 loan that stopped paying, from the bank's list of loans for sale to a new payment the family can afford. It was bought at 45 cents on the dollar.
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In 2006, Jordan and Leah signed a promise to pay, backed by their home. By 2019 the payments had stopped, the bank wrote the loan off, and the paper was sold. Whoever holds that paper decides what happens next.
This is a simulated loan used for training. The family, the property and every figure are fictional.
How to buy mortgage notes in 5 steps: - Find it: 28 loans on the tape, 1 fits. - Analyze it: over $116,000 of equity behind a $44,000 loan. - Buy it: at 45 cents on the dollar. - Work it out: 3 questions on the call, then an affordable payment Sell it: 13 on-time payments later, it's a performing loan again, and a performing loan can be sold.
3 owners in 20 years. The family never moved. Only the paper did.
Chapters 0:00 1 loan, 2006 to 2019 0:16 Who holds the paper decides 0:25 Find it, analyze it, buy it 0:43 The call and the workout 0:58 Performing again 1:09 Every step in 1 place
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FIXnotes puts every step of note investing in 1 place: find it, analyze it, buy it, work it out, sell it. The work is still work. It's just simpler.
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This video is for education only and is not investment advice.
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By: FIXnotes | Non-Performing Note Investing Title: How to Buy a Mortgage Note at 45 Cents on the Dollar Sourced From: www.youtube.com/watch?v=4JFmTstIsPI
