Fri, 8 May 2015
Abby Shemesh of Amerinote Xchange has overseen countless of buy and sell transactions in the mortgage note business. Abby talks to Jason on why purchasing mortgage notes is the best thing next to generating yield, key mistakes to avoid, and the importance of getting a third party property appraiser.
[2:00] San Francisco’s real estate is becoming a big bubble.
[7:15] Banks are being too strict in lending money to potential investors.
[10:10] Do your due diligence when buying notes.
[14:45] Don't ever go with a recommend appraiser by the seller, burrower, or broker.
[16:40] Get an attorney and consult your accountant before you purchase a note.
[18:00] Selling notes are not for everybody. You still have other options.
[20:15] There's still no software for to accurately calculate note prices.
[22:30] Make sure the company you're dealing with has an internet presence and get them on the phone.
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