These days, it’s hard to read an article or watch a newscast without hearing about defaulted mortgages and the Global Financial Crisis. Even though this means bad news for many banks at risk for being taken over by the Federal government, it means a HUGE opportunity for savvy investors.
Why? Because savvy investors can purchase the paper, nor mortgages held by banks for 25 cents or better on the dollar. That means that with the right knowledge and contacts, you can control $1 million of property (yes worth $1 million in TODAY’S economy) for as little as $250,000!
It’s not really that hard. Like anything, you just have to know where to look. Sure, you could spend weeks or months cold calling banks asking if they have notes to sell you, but that’s probably not going to get you what you’re looking for.
Usually, the bank employee will tell you that they don’t sell notes or they don’t know what you’re talking about. Of course, the real answer is that they just don’t KNOW that their bank sells notes or has a non-performing loan department that would love to sell off their non-performing loans.
So, how do you get to the right people in the bank so that you can start buying notes at huge discounts? The answer is easy. You need to work with someone who ALREADY has the contacts.
For the past 9 years, I’ve been working with banks buying, selling and brokering notes. I have contacts at all the major lenders and direct access to find exactly who I need to talk to in order to purchase the paper on 1 property or 50 properties, all at ENORMOUS discounts.
The good news is that I work with investors all the time helping them get through the maze of barriers that banks have put up to keep people who don’t know what they’re doing out of the business.
We can help you, right now, get to the right people, avoid the wrong people (talking to the wrong people can permanently ruin your chance to buy from a bank), find the notes you are looking for, negotiate the best price and make the high returns you deserve.
