I am very interested in speaking with anyone that might be interested in getting involved in syndications with the sole purpose of purchasing multi-family apartment buildings in very select markets…Continue
I'm sorry for the very long delay in responding to your post. great to see that you're interested in notes. I really like the note business and think it's a great way to be involved in real estate without all of the…"
Wow! I am excited to discover your post/group! Thank you so much for starting this group and opening up this subject.
I have been settling short sales in a number of different states (as a 3rd party), but I am interested in shifting my…"
I am very interested in speaking with anyone that might be interested in getting involved in syndications with the sole purpose of purchasing multi-family apartment buildings in very select markets throughout the US. People that have IRA money just sitting there earning ridiculously low returns are ideal candidates for these investments.See More
This is a place to discuss all things Personal Finance. We will be discussing getting out of debt, retirement and college investing, best ways to save, etc.. So start a discussion, ask a question, or comment on any of the current discussions.See More
"This is very interesting. How did you come about buying and selling notes? Do you need to be licensed? Do you use your own funding or are your purchases backed by an investor? Sorry for all of the questions or if these were already…"
I am new to 48 Days and this group. I am happy to be here and involved with this whole new community of success minded people. I look forward to making many new friends and future business associates, sharing information and helping…"
I purchase nationwide with a few exceptions. Yes, It's imperative to know the laws in each state.
As far as equity. I have purchased loans where there is little to no equity and have still been able to make some money on these. Some…"
"Hi Mike. Sorry for the delay.
Yes, we usually buy at pretty significant discounts somewhere in the range of 16 - 25 percent of UPB (unpaid balance) for non perf 2nds. Performing and re-performing notes are priced much higher - anywhere from…"
Welcome to this great community! We are glad you have joined us!
You find this a great place to learn and grow. You find many great networking opportunities and places to share your thoughts and ideas. I hope you find the experience of…"
"Peter, Welcome to the group!
Do you purchase all you notes from the same state/area? Can you please advise what area this is? I would guess that the laws can change from state to state and even down to the county level so understanding the…"
"Hi Peter,Thank you for adding me as your friend.What have been some of your favorite finds here on the site? You are invited to join us in finding your voice and get in the conversation.The next issue of our newsletter will be out in a few days. 4…"
"Peter, thanks for the info. I have a few questions.....When buying a note i.e a 200k note secured by an asset valued at 250k does the buyer typically purchase at a discount? What would a typical discount percentage be? How are purchases…"
How did you hear about 48Days.NET, and what do you hope to get out of being a part of this community?
From my domestic partner, Sheri Barnes. To build a network of friends, associates and business connections where we can all help each other achieve our goals
What is your current work situation? Employee, self-employed, generating any income on your own?
Self Employed Real Estate and Note investor. I am currently purchasing, managing and liquidating performing and non-performing mortgage notes. I also buy and rehab residential house using private investor funds. I have also just recently started working with a very experienced investor buying multi-family apartment buildings nationwide using private investor funding.
And then...what is your goal/dream for your work life?
My goal is to continue buying notes and start building my portfolio of multi-family apartment buildings for the next 5-10 years and creating a 5 figure passive income by the end of 2012 while building equity in each project. This will be with my partner, Sheri.
How about your personal life? Any specific goals or achievements or dreams you are pursuing (or want to pursue)?
Yes, to fund significant worldwide travel several times/year. Possibly live a multi-country lifestyle with several months each year in either Europe or Costa Rica and several months each year in NYC. Start a music group and continue to train in my martial art and possibly even teach more. I would also like to leave a legacy for my daughter - one of love & success. Someone that she can look up to and remember as a loving, successful father that was a major positive influence in her life and the lives of others.
What would you say are your strongest talents? How are you 'wired' and what can you offer to the world (it's OK if you don't know yet, but knowing is key to pursuing your dreams!)?
I can offer imagination, creativity, unending optimism, persistence and tenacity. The idea that every problem has a solution. The ability to visualize and put ideas together. I will elaborate on this.
If you have a product or service to promote (now or in the near future) this is your shot to state it! Say all you'd like:
As I stated above, I am getting started in investing in Multi-family apartment buildings nationwide . I will be working in tandem with a VERY experienced and savvy investor that has been doing this for quite some time. I will be utilizing all of his experience, resources, expertise and even his management company once I start acquiring properties. As part of this venture, we are always seeking investors or visionaries that see the huge potential in this endeavor and might be interested in getting involved as minority partners by becoming equity partners in these projects. We are buying these projects at a small fraction of their replacement costs and enjoying amazing returns on our investments. Due to the financial magnitude of these projects, we are always seeking outside money sources since most of these projects need to be purchased with cash.
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Welcome to this great community! We are glad you have joined us!
You find this a great place to learn and grow. You find many great networking opportunities and places to share your thoughts and ideas. I hope you find the experience of joining the 48 Days community as rewarding as I have found it.
Peter, greetings and welcome to the group. I am excited to have you as part of the Wealth Building Group. I would love it if you would start a discussion about the "note buying/selling". I have created notes in my real estate investing but have yet to sell them or pursue the opportunity as an income stream. Also would love to hear more about your latest endeavor. Again welcome to the group and I look forward to your participation. If I can be of service in any way please let me know.
I try to take time each week to welcome new members to 48Days.Net. So, let me say "welcome" to you! I know you will find this to be a great site filled with people who are experiencing true success in both life and work.
One thing I noticed on your profile is you have your own business. It seems to be doing pretty well. Keep up the good work.
Also, I'd like to point out that one of the best places to connect with other liked-minded people here is in the GROUPS section. There are groups for just about every interest you can think of, and if you can't find a group that interests you, you can start one. Groups are my favorite part of 48Days.Net!
Finally, if you happen to be a speaker or author (or want to become either), check out these two groups. They are two of the most popular groups on the site because of all the great conversation taking place: