The most important thing in the note business is finding notes. Yet it is probably the most difficult thing there is to do. The thing about banks is that they sell notes and continually generate them. Brecht Palombo discusses some of the ways to use Bank Prospector to find banks with bad assets. Brecht walks us through a proven three-step system for sourcing bank direct notes from institutions. With the aid of a software, … Read More
EP 347 – The Crystal Ball Of Mortgage Defaults with Brecht Palombo
If you have a crystal ball to look at mortgage defaults, what would you do? Scott talks with the man who knows what, Brecht Palombo from Distressedpro.com. They discuss the residential and commercial note markets and what opportunities you should be tracking. Brecht is a licensed auctioneer and real estate broker in a number of states. He imparts his knowledge on commercial deals, highlighting how cash flow and the cap rate plays into that. … Read More