40% of my loan portfolio is in "default" 😮but I’m still making a ton of money💰. Sounds bad, but it’s exactly where the opportunity is when buying notes. Many of these borrowers are 3, 6, even 12+ months behind… but they’re still making payments on a rolling late basis.
@friedberg I listen to the All In podcast religiously and really loved the last episode where you talked about @ohalo . Have a PhD in organic chemistry and interested in all things science. Question: would the potatoes discussed be considered genetically modified foods?
https://t.co/qlpQTbl2t7 via @incomestacker
Don't try this on your own! I am talking about servicing your own mortgage notes. Here are the top 6 reasons.
It is amazing how the number of purchases of single family houses by the BIG BOYS (landlords with over 1000 houses) has dropped since Q2 of 2022 from 2.4% to 0.4%.
@BillAckman@PershingSqFdn As a scientist (PhD organic chemistry) I see that truths in science change all the time. Something that was thought to be true for years becomes debunked and proven to no longer true. Like polywater.
The tale of 2 auctions.
April 21, 2023 auction in Mississippi - got the house back as REO. We will do light rehab and sell..expected return 30%+.
April 25, 2023 auction in Iowa - sold property to 3rd party at foreclosure auction. The ROI was 32.8% in 9 months. No work.
Even though not a Taylor Swift fan I think she was pretty darn smart when asked to endorse FTX to ask tough questions “Can you tell me that these are not unregistered securities?” She turned down around $100 million since she didn’t get the right or probably any answer.