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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