When we look at the state of mortgage delinquencies, we see some improvement in the short term or recent defaults. However, mortgage delinquencies continued to rise in July, according to CoreLogic’s new loan performance report. The company found that 6.6 percent of all mortgages were at least 30 days past due (including those in foreclosure.) [...]
Working with a distressed seller can benefit you and the seller. We get a good deal, and they get out of a desperate situation. Yet, a seller may be reluctant to use you. Why is that? Working with A Distressed Seller A distressed seller is often suffering from overload. They may be regularly receiving a [...]
Not since the 1930s have we seen housing and unemployment this bad. In addition, 12 million renters face eviction due to no rental payments for at least three months. Wolf Street points out that delinquent mortgages are the highest since 1999. Transition from “Current” to 30-days past due: In April, the share of all delinquent mortgages soared [...]
How does investing in non-performing notes vs. rentals compare? What are non-performing notes? Notes are the financial or paper side of the real estate business. The house is the collateral backing the note, which in a worst-case scenario, we can take back or repossess if the borrower fails to pay as promised. However, even in [...]
When you look to invest in notes, you must first determine if the note is performing or non-performing. What is the difference between performing & non-performing notes? Imagine a property purchased for $25,000 cash in Anytown, USA. That same property is sold on seller-financed terms for $50,000 with 10% down and monthly payments of $500 [...]
Thanks to the continued impact of COVID-19 on the economy, The Housing Wire, tells us that approximately 10% of borrowers whose mortgages are backed by the Federal Housing Administration or the Department of Veterans Affairs, will be forced to have homes in forbearance. The data comes courtesy of a new report from the Mortgage Bankers Association, which polled more than 50 [...]
If you’re a real estate solutions company buying properties for cash, are you buying notes and deeds? You can add an arrow to your quiver by buying notes and deeds. They can be far more profitable and less stressful than stocks and real estate investment in physical property. Since most people buy homes using mortgage [...]
Have you seen those signs that say, “We Buy Los Angeles Houses for Cash”? There are companies that buy houses because some homeowners need to sell fast. Coal to Cash Homebuyers, Inc is the premier company in Los Angeles that buys houses for cash. We Buy Los Angeles Houses for Cash for Four Main Reasons Debt – Financial [...]
Before we talk about how do I invest in real estate, I think you need to catch the bug, which means reading a lot and finding out how others have done it. That means what mistakes did they make so you can avoid repeating their mistakes. Kevin Perk in Bigger Pockets asks do you remember catching [...]
If you want to work smarter and not harder, everyone knows the usual tricks: Manage your time, take strategic breaks, get enough sleep. And that’s all good advice, but you’ve probably asked yourself if there’s more you can be doing. After all, you’re already using those strategies, and you still find yourself with more work than you [...]
