Jim Maffuccio is a 30-year real estate veteran and an expert in mortgage notes. In 2009, he began investing in mortgage loans, developing key sources and vendors and applying his extensive real estate experience to the note investment space. In 2012 he co-founded Aspen Funds, a fund management company focused on mortgage investments.
What We Cover In This Episode:
- How Jim sees the current state of the real estate market and where he sees the opportunities
- How regulation in real estate industry has become more complex over the years and across the states
- What kind of notes he is buying and what the deals are like
- What the due diligence process is like for investing in second mortgages
- What Jim’s business goals are with "rehabbing" non-performing mortgage notes
- What to do with completely “dead” seconds and the maximum value that can be extracted from them
- What is emotional equity
- The best and the worst transactions Jim has had in his career
- How to balance between cash flow business and wealth building business
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