The Note Closers Show Podcast Breaking Down 20 Nonperforming Apartment Notes
In this episode of The Note Closers Show, we're diving deep into the world of multifamily note investing. Join us as we analyze a tape of 20 non-performing multifamily notes, uncovering potential opportunities and walking you through the essential due diligence steps. Whether you're a seasoned note investor or just starting out, this episode provides valuable insights into identifying profitable deals and maximizing your returns in the distressed debt market.
What We Cover:
- Analyzing a Tape of 20 Multifamily Notes: Overview of a recent tape of 20 non-performing multifamily loans.
- Money Monday: This episode will help you make money on Mondays
- Deal Flow: Understand the types of properties included (Georgia, Florida, Ohio, Connecticut, Illinois, Indianapolis, New York, New Jersey, Milwaukee) and the mix of opportunities.
- Understanding RTL Loans: Discover how to evaluate residential transition loans and rehab projects.
- Key Metrics: Learn how to interpret loan amounts, initial draws, holdbacks, interest rates, and default rates.
- Property Evaluation: Analyzing properties in various locations, including Chicago, Indianapolis, and Fayetteville, NC.
- Rehab vs. Value: Determining how to figure out if you should rehab the property or what the value is.
- Due Diligence Insights: Gain valuable tips on assessing property condition, occupancy, and potential cash flow.
- Bidding Strategies: Guidance on formulating bidding strategies, including offering 65 cents on the dollar.
- Foreclosure Process: Learn the steps involved in foreclosure and rent collection as a lender.
- Deal Examples: Exploring specific properties in Milwaukee and Miami, and what to watch out for.
Conclusion:
This episode equips you with the knowledge and tools to confidently evaluate non-performing multifamily notes. We hope this in-depth analysis inspires you to take action and identify your next profitable investment.
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