RECENT BLOG POSTS
We did an interview last fall with Les Weitman from Life on PIRE, Passive Income Real Estate Done For You, called Creating Passive Income Notes With Chris Winkler, and its out now live! We talk about investing in non performing real estate notes that are backed by the property. Les asks some gre...
04/01/2015
Good, occupied nonperforming notes (NPN) in Texas & Florida are hard to come by, unless you are buying large pools of notes, which we will soon have an equity fund to do just that. For the time being, we are looking for a joint venture partner to help us acquire this occupied 3/1 SFR NPN 1st posi...
03/18/2015
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Recent BPO puts value @ $64,900. There are a total of $61,738.00 in UPB & arrearages. Price is 57.7% of BPO or $37,499.00. Owner wants to stay in the home and is agreeing to a forbearance agreement. Should this not work out, we will offer them a Deed-In-Lieu, or Short Sale. Worst case we foreclo...
02/03/2015
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This is a pool of 9 Re-Performing notes in TX, NC, MI, and OH. UPB is $401,002, BPO is $316,500, selling price is $189,525. The notes are anywhere from 1 to 52 months re-performing, with a monthly cash flow of $3,157.38 or $37,888 per year. Here is a map of the properties: http://batchgeo.com/map...
01/26/2015
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This is a pool of 9 nonperforming 1st lien notes for sale for 8% of UPB. One Illinois, two Michigan, four Ohio, and one Wisconsin. Here is a map of them all with the individual prices. All are SFR except for two duplexes. http://batchgeo.com/map/2331ac083f97358c14827acec34546e2 UPB for all is $56...
01/26/2015
Here is a video we made of all 11 of the NonPerforming notes in the Florida pool we are digging into. There are 6 foreclosures, 4 signed or signing Deed-In-Lieu, and one loan modification. Contact me to talk about Joint Venturing with us on 1, 2, or more… Christopher WinklerSilverwood Capital, ...
01/21/2015
We are looking for a JV Partner for a nonperforming 1st lien note backed by the real estate in Pensacola, FL. The property is valued at $62,500.00, and the JV would be for $37,954.38 or 60% ITV. The property is occupied, grass is mowed and being taken care of, which is what we look for in selecti...
11/03/2014