The Numbers Behind 52 Approved Note Offers

Deal Overview and Initial Bids: We submitted 79 offers and had 52 accepted. The initial strategy involved cherry-picking from a tape of 201 non-performing notes from a hedge fund. Plus how one student got 5 out of 6 offers accepted and their potential yield on performing notes.

Property Analysis and Valuation: Discover how we evaluate properties, considering that the tape values were 4-5 years old. Given value increases over the last few years, our offers were competitive, plus how to pull updated photos of properties.

Lowball Offers and Wholesale Opportunities: Understand our approach to lowball offers on less desirable properties, some as low as $100. Learn how we plan to wholesale these off to local investors through self-directed IRAs.

Geographic Distribution and Market Focus: An overview of the geographic distribution of the 52 notes, which includes properties in Texas, Florida, Georgia, Indiana, Michigan, Ohio, and more. Plus the foreclosure status of several properties.

Financial Metrics and ROI: We dive into the numbers. With $1,004,000 divided by 52 notes comes to an average purchase price of less than $20,000, some significantly lower. We also look at the potential for a 23.2% cash-on-cash return if all notes perform at the minimum payment.