The Art of Investing in Distressed Second Mortgages

Fine print is pretty important when it comes to Mortgage Notes.

A lot of would-be investors shy away from getting into Mortgage Note Investing because they’re worried that they won’t know how to read the contracts. But it’s not as a hard as it seems.

The biggest key is that you must commit to ALWAYS reading it.

I walk through a few scenarios to help you understand how to read a Purchase Sale Agreement in the Fast-Start Guide I’ve been telling you about.

This really removes the guesswork involved with getting into this business. It allows you to read, evaluate, and then bid with confidence. I even share what to do when things don’t go your way.

As your portfolio grows, you’ll see that they’re not all winners. Balance is essential, so when things don’t go as planned, there are things you can do to re-balance, and get back to growing.

Meeting Outline

1. Why Seconds?
2. Seconds vs Firsts
3. What it takes to get started - (not a lot of time)
4. Juggling 101
   a. Where am I going to find loans?
   b. Where am I going to find money?
   c. How am I going to educate myself?
5. Due Diligence –
   The backbone of your portfolio
6. Crossing your T’s and dotting your I’s
7. Purchase Sales Agreements
8. Reviewing your collateral
9. Filing your assignments
10. Skip Tracing – Finding your borrowers
11. Borrower Workouts
12. 7 scenarios
13. Bankruptcies
14. Foreclosures
15. Managing your portfolio
16. Managing your expectations
    a. 5, 50, 500

The Boston Real Estate Investors Association is open to real estate investors of all experience levels who want to meet and continuously learn from other investors and real estate professionals. Each meeting features knowledgeable speakers to guide members through new and relevant topics relating to the many aspects of Real Estate Investment. Past events have covered Why to invest in Real Estate?, Foreclosures, Self-directed IRA's, 1031 Exchanges, and Creative Tax Strategies.

It's an opportunity to network with others who share similar goals & needs, to learn about unique & hot properties, to find ways of obtaining & utilizing different sources of capital, and so much more!