Free Non-Performing Notes TELESEMINAR Tomorrow!
Published: Wed, 03/27/13
March 27, 2013
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In this issue: "Buying Discounted Mortgages
Instead Of Rental Properties""
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Hello ,
The article "Buying Discounted Mortgages Instead Of Rental
Properties" is below.
I'd like to invite you to a free teleseminar tomorrow, Thursday,
March 28, with Jack Krupey. Jack is a partner and portfolio
manager for Gemini Capital Managers LLC, a multi-million dollar
fund focused on buying non-performing and re-performing residential
mortgages.
Tomorrow's teleseminar will start at:
11:00 a.m. Pacific;
Noon Mountain
1:00 p.m. Central
2:00 p.m. Eastern
Call 712-451-6000 when it starts in your time zone. When prompted,
enter the access code 903809 followed by the # button.
(Sorry, you cannot use Magic Jack.)
Jack will be teaching "Turning Non-Performing Notes Into Cash Cows"
at the Paper Source Note Symposium: Ca$h Flow Profits! next month
in Las Vegas.
I truly believe this will be THE cash flow note event of the year.
The number of people who will be there is much higher than
we had predicted -- that says to me that the note business
is doing better than it has in several years. That's further
indicated by my conversations with several of the larger national
note investors recently. All of them told me they are buying more
notes now that they have in the recent past.
That doesn't surprise me. More and more property sellers are
learning that in order to move their property they need to
hold a note, but they want cash now. Most of them are unaware
that they can do both, and that's where note brokers and investors
come in. It's our job to educate them.
Spend the last weekend in April in Las Vegas learning about the
note business -- including all sorts of cash flows you can profit
from that almost nobody knows about -- and networking with some of
the most successful note brokers and investors.
I almost ended that last sentence with "in the US," but we
just got a registration from a gentleman coming from Singapore!
You'll make contacts that could prove to be invaluable in
your success and come away more energized than ever.
Personal consultations with the teachers will be available
for you at no charge.
See www.PaperSourceSeminars.com for info and to register.
See you in Vegas!
Cheers,
Bill
W. J. Mencarow
President, The Paper Source, Inc.
www.PaperSourceOnline.com
www.PaperSourceUniversity.com
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Buying Discounted Mortgages Instead Of Rental Properties
by Jack Krupey, Gemini Capital Managers
www.geminicapitalmanagers.com
Buying rental properties as an investment has been a standard of
real estate investing for decades. It is a pretty simple philosophy
that has certainly created wealth for millions of people. With that
said, owning rental property is not for everyone, and for every
successful landlord there are also many who have had difficulties
including trouble finding tenants, excessive repairs, difficulty
collecting rent, etc.
When you purchase a performing mortgage "you are the bank." You do
not own the actual property; you have a lien that is secured by the
property. This type of investment has a number of benefits as
compared to owning a rental as well as a few downsides.
When considering an investment opportunity there are a number of
personal factors that should be considered. Consult a real estate
broker or advisory firm that specializes in these types of
investments.
Pros
No maintenance costs. Mortgages purchased at a discount give you
both monthly cash flow and windfall profits when homeowners sell or
refinance to pay you off in full.
Less competition from other investors since this is a niche
market.
Cons
If a homeowner stops payment the foreclosure process is typically
longer and more costly than evicting a tenant.
No leverage: There are few to no financing programs available to
purchase discounted mortgages
Advice
Utilize a servicing company to handle your mortgage statements and
customer service for the borrower such as www.sellerloans.com
Or service your own mortgages with www.NoteSmith.com
Do your due diligence, including researching the property value for
the mortgage you are buying. If the homeowner has financial
difficulties offer to work out a win-win solution that avoids a
long foreclosure battle and protects your equity.
I'll be teaching at the Paper Source Note Symposium April 26-27 in
Las Vegas. I hope to meet you there!
Gemini Capital Managers launched its first private equity fund in
late 2011. We have now acquired over 70 loans this year and are
actively buying and selling both non performing and re-performing
loans.
A majority of our product is lower value below 150,000 as we have
found we are able to purchase these types of loans at better
pricing than loans above $150,000.
We also focus almost exclusively on residential loans however if
you have a commercial loan for sale we are always willing to review
a potential opportunity.
If you are looking to buy or sell we ask that you fill out our
survey at the address below.
http://geminicapitaladvisors.com/contact-us/
This survey will allow us to better target any potential
opportunities for you.
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BIBLES UNBOUND
You can send a Bible to someone who desperately wants one!
Visit Bibles Unbound, a ministry of Voice of the Martyrs,
and see how you can become a Bible Mailing Missionary:
www.BiblesUnbound.com
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