Philadelphia Note Investors Group (PING) is an investor networking group for those interested in the discounted note niche for both performing notes and non-performing notes, as well as for 1st or 2nd Mortgages.
The group meets on the first Wednesday of every month to discuss various note investing topics including – risks and benefits of note investing, how to value a note, where to find notes to buy, due diligence, note servicing, how to execute various exit strategies and general market conditions and expectations. Started in March 2010, the group has quickly grown to over 150 members with each meeting attended by 20-25 investors on average. Members include active, passive, seasoned and new note investors. The group is led by experienced note investors Joe Downs and Tom Dunkel of US Mortgage Resolution.
Note investing is a way to profit from real estate without (as they say) toilets, tenants and termites. But it is also a way to potentially acquire distressed properties before they go to foreclosure...and completely beat the competition.
Please join us!
Remember, we're open to first mortgages, second mortgages, performing, notes and non-performing or distressed notes!