Christopher Winkler's (silverwood-capital) Blog

Orlando FL NPN 1st Lien JV Opportunity – 60% Possible ROI?

Wed, 12 Aug 2015 07:59:57 -0700

Looking for a Joint Venture Partner or Private Lender to help us acquire this good looking 3/2 SFR in beautiful Orlando, FL for $$31,995 or 63.99% of $50,000+ FMV.Florida properties are appreciating well, and this is in line with what we pay for other NPNs in Florida. I also hear Florida might have some hardest hit funds left to help pay down the UPB of $85,588.73.Average rents are $953, so their payment of $700 is much less, and we will focus on keeping them in their home and paying off the note.Florida notes do not last very long, so please contact us if you need to bring your 101k back to a 401k or you have pulled out of the roller coaster stock market before it comes down & have anxious funds to put toward a solid real estate opportunity. Christopher WinklerThe Note WhispererSilverwood Capital, LLC1-714-434-1441

Ohio JV Opportunity Possible 54% ROI?

Wed, 12 Aug 2015 07:06:16 -0700

We are looking for a Joint Venture partner to help us acquire the note/mortgage on this good looking property in Elyria, OH. The house is in good shape, and we can pick it up for $25,750 or 44% of the 58,000.00 BPO (Broker Price Opinion). Nice middle class neighborhood with flags a flying! Our ideal situation as they have a higher chance to work out repayment of the note than a stripped out crack house.Its west of Cleveland and foreclosure has already started. We like that as it save us time and money, and is typically what wakes the homeowner up that they have to pull their head out of the sand or they loose their home. Rents in the area average $695.00 & the payment is only $464.20, so they are better off working it out than renting somewhere.Current BPO and deal sheet with 4 exits available upon request. If you have idle funds in an IRA or if you pulled out of the market before it explodes, then get with us right away as nice properties don't last. Christopher WinklerThe Note WhispererSilverwood Capital, LLC1-714-434-1441Here is the rest of the neighborhood; to the left, love the flags!To the right of the property;Across the street, rehab going on! These are from Google...

26.25% Return In Four Months? Annualized 78.75% ROI???

Wed, 15 Jul 2015 06:45:23 -0700

Our JV Partner, friend, and fellow mastermind note investor, picked up this good looking New Jersey Nonperforming 1st lien for $105,000. The UPB was$174,000, and the total arrears came out to $190,000. Borrower was only behind 8 payments, and we felt it was a good opportunity to work something out.The homeowner really did not want to stay, so a short sale was negoitated, and they moved on to greener pastures. The local realtor listed it, and 2 weeks later, there were a couple offers.It ended up selling for $180,000, and after acquisition costs, fees, expenses, and the Realtors commission, the profit was $55,100 or 52.5% in four months!When we joint venture, we do all the work for you, and you help us with the funding to pick up the note, so the 50/50 split, the profit after return of principal, comes out to 26.25% ROI in four months! That's a pretty good return even if it took one year, though in this case, its a 78.75% annualized return! Could you use those kinds of returns in your retirement account?Disclaimer: They don't always turn over that quick, though sometimes they do. We found that a NPN we purchased end of April 2015 in Columbus, did not sell in foreclosure sale in the past, so our attorney jumped back in as substitute of council, and scheduled for foreclosure sale, which happens to be this Friday, July 17, 2015; 3 months after we bought it. We will make the first bid, and if it gets bid up, we will let it sell. Otherwise we will take title and sell it right away to a rehabber.We are narrowing down a list of Nonperforming 1st Lien Notes ranging from $10,000 to $100,000, and we are looking for additional Joint Venture partners who would like those kinds of returns.We do all the work, selection, due diligence, boarding at licensed servicer, workout, and disposition, you help us acquire them as our Private Investor, and we split profits 50/50, after your entire investment is returned. If you are a busy professional that does not have the time or inclination to learn all the mechanics of the NPN Note space, afraid the stock market is ready for a correction, and want to repair your 401k that is now a 101k, then contact us for more information on how we can work together to diversify into these above average returns. Click here to see the 17 Joint Ventures we are working out. Combined purchase price of $337,806, or 38.8% of FMV of $869,700, with a total 35.8% of UPB of $943,293.While there is no guarantee on the outcomes, though, when we are buying the notes for 20-60% of Fair Market Value, and eight exit strategies, we have many ways to exit profitably.Please contact me for more information and our business plan.Christopher WinklerThe Note WhispererSilverwood Capital, LLC1-714-434-1441

JV Partners Wanted For Above Average Returns In Non-Performing Notes

Tue, 07 Jul 2015 04:20:17 -0700

Imagine A 26.25% Return In Four Months? Annualized 78.75% ROI???Our JV Partner, friend, and mastermind note investor, picked up this nice New Jersey Nonperforming 1st lien for $105,000, with $174,000 UPB, $190,000 total with arrears. The borrower had missed 8 payments, and it appears they had some type of hardship. They did not want to stay, so they agreed to a short sale. Two weeks later, the Realtor sold the property with multiple offers after listing it on the MLS. Sold for $180,000, so after cost of acquisition and $2,700 in fees and expenses, profit was $55,100 or 52.5% in four months. Split the profit 50/50 after return of principal, and that's a nice 26.25% ROI in four months! So now we have ten good looking Nonperforming 1st Lien Notes ranging from $10,000 to $60,000, and we are looking for Joint Venture partners who would like those kinds of returns. We do all the work, selection, due diligence, boarding at licensed servicer, workout, and disposition, you help us acquire them as our Private Investor. If you are a busy professional that does not have the time or inclination to learn all the mechanics of the NPN Note space, afraid the stock market is ready for a correction, and want to repair your 401k that is now a 101k, then contact us for more information on how we can work together to diversify into these above average returns. Click here to see the Nine Joint Venture Deals we are currently working out.There is no guarantee on the outcomes, however, when you are buying the notes for 20-60% of Fair Market Value, and eight exit strategies, we have many ways to exit profitably.Please contact me for more information and our business plan.Christopher WinklerThe Note WhispererSilverwood Capital, LLC1-714-434-1441

Four 1st Lien NPN Mini Pool JV Opportunity

Tue, 16 Jun 2015 03:50:54 -0700

We seek a Joint Venture Partner that desiresabove average returns, secured by real estate.We have identified four occupied Non-Performing Notes that we can pick up for a blended 24% of the Fair Market Value (FMV), including past due taxes. Our primary goal is to get the homeowner repaying their mortgage, and either sell the note in a year, or keep the amortized payments for any period of time.All three of the states are Non-Judicial, so if the homeowner does not want to start paying, they will be offered the chance to leave with grace, and deed us the property. The Investment To Unpaid Principal Balance (ITUPB) is 13%!If they refuse, we will immediately start foreclosure, and we should have title in 4-8 months, depending on the state. Once we have title, we have four exit strategies.Contact me for the numbers if interested and liquid.Christopher WinklerThe Note WhispererSilverwood Capital, LLC1-714-434-1441

Note Buying For Dummies - Houston, TX

Mon, 08 Jun 2015 12:50:51 -0700

Scott Carson is putting on his next four day Non-Performing Note (NPN) education bootcamp in Houston, TX from Thursday June 25, 2015 to Sunday, June 28, 2015. I have personally attended two of them, and I am in his Note Investor Mastermind Group. Scott teaches you how the 3 F's of Note Investing, How to Find, Fund, and Flip 1st lien NPN's from banks and hedge funds across the country. Just the first day, Scott shows you how to source notes direct from the source.Day two he shows you how he gets his deals funded, and then how to exit with up to 10 exit strategies. No BS, no junk, just solid information on how to buy notes.If you are in the Houston area, or not, you can still travel here, this is all meat and no fluff. Be prepared for a no-holds barred, highly charged full contact event. If you want to learn about 1st position NPN's, learn from the Note Worthy 2014 Educator of the Year, Mr. Scott Carson.Click this link to register: Note Buying For Dummies Boot Camp, Houston TexasScott Carson has been buying and investing npn's on properties all across the United States since 2007 and a full time real estate investor since 2004. Scott will bring in several hedge fund managers, along with working on actual available note deals in class so that students/investors have the opportunity to learn first hand, and on how to "Turn Problem Properties Into Profitable Solutions" for their own investments.He has been an active real estate investor since 2001. His firm, Inverse Investments LLC, is an Austin, TX based note buying firm that specializes in buying defaulted notes and REO's from banks and hedge funds on residential and commercial properties across the United States.Christopher WinklerThe Note WhispererSilverwood Capital, LLC1-714-434-1441

Help Save 7 Home Owners From Foreclosure!

Fri, 05 Jun 2015 04:09:33 -0700

Silverwood Capital, LLC has applied for one of twenty $100,000 grants and we need your help.We will use the funds to purchase 5-7 nonperforming notes. To get the relief, the home owners must still be in their home, owe more than its current value, and they are still taking care of it, and wanting to stay. We will pay all taxes, fines, penalties, and any other accruued costs with the funds. We will then eliminate all past due payments, interest, and another other fee or penalty. We will then get the loan modified to fair market value for 30 years with a low interest rate and payment.All you have to do is click this link and vote for us by clicking the blue "Vote Now" button.https://www.missionmainstreetgrants.com/b/62241We need 250 votes to make it to the next round. Will you help us help 5-7 deserving homeowners who are underwater, and need help before they get foreclosed?All we are asking for is 1 minute of your time and 2 mouse clicks. Please also get your spouse to vote, and post this link on your facebook profile to get your friends to help. Please click this link and vote for us by clicking the blue "Vote Now" button.https://www.missionmainstreetgrants.com/b/62241Lets get out the vote to save these deserving homeowners from foreclosure!Call us with any questions... Christopher WinklerThe Note WhispererSilverwood Capital, LLC1-844-2-BUY-NOTE1-844-228-9668P.S., Please do this now, while its still fresh in your brain, before you get distracted by the next celebrity having a sex change operation...

Sweet 1st Lien JV Opportunity Houston, TX 114% ROI???

Wed, 22 Apr 2015 06:35:56 -0700

Found this good looking Non-Performing 1st Lien Note NE of Downtown Houston. With people leaving in droves from Blue States, Texas is Hot, Hot, Hot. When we see Texas notes, we like to move quickly before our competitors do.The BPO (Broker Price Opinion) value on this property is $56,000, and we can pick it up for $23,900. Including $1,325 in taxes, we are all in for $25,225 or 45% of FMV (Fair Market Value). Texas NPNs are typically in the 60-65% FMV range, due to the quick, nonjudicial foreclosure process that is similar to an eviction, so we are below normal purchase price. Its occupied with pride of ownership and our first goal is to get them repaying their loan. At only $325.31 a month, and rents averaging $648.00, its really in their best interest to stay and pay this off. If not, we will attempt to get a Deed-In-Lieu of foreclosure or short sale.Worst case, we move into foreclosure and take over the property. Our boots on the ground realtor is sharp, and can help us list and sell quickly.With our Joint Ventures, you help us acquire the properties, and we do all the sweat equity, due diligence, work-outs, find the realtor to help with the valuation, and sell the note or property when we have clear title. We have eight exit strategies on NPN's, from working it out with the owner to foreclosure. If your 401k is now a 101k, then consider joint venturing with us. Having looked at a couple hundred notes so far this year, we are able to quickly sort out the losers and move forward on the ones that we feel have a better than average chance to make it work. We have a cut sheet with all the info and 5 of the 8 exit strategies ready to send you.Interested? Please call or reply to this email now while this is still fresh in your mind at the number below to talk further about this and the other deals we are looking at. Christopher WinklerThe Note WhispererSilverwood Capital, LLC1-714-434-1441

For Sale: 3 Re-Performing Notes: 12 - 17% Yields

Tue, 21 Apr 2015 04:55:24 -0700

We are offering 3 Re-Performing 1st Lien Notes as follows. Click the image to go to the deal overviews. These have made 5-10 payments since re-performing, all good looking homes with HUGE pride of ownership.1. For Sale: Re-Performing 1ST Lien Note, Whitlock Ave, Toledo, OH 43605This is a Re-Performing 1st lien note offering a 17.30% return for $32,945.00 – 73.21% ITV. Click here for more info… 2. For Sale: Re-Performing 1ST Lien Note, Ogden Ave, Toledo, OH 43609This is a Re-Performing 1st lien note offering a 16.39% return for $32,721.00 – 72.71% ITV. Click here for more info… 3. Re-Performing 1ST Lien Note, Stahelin Ave, Detroit, MI 48223This is a Re-Performing 1st lien note offering a 12.35% return for $51,000.00 – 72.86% ITV. Click here for more info…These are passive Real Estate investments that are for the most part, hands off, passive cash flow; great for a Self Directed IRA or your portfolio. There is the chance they can become Non-Performing, though because they are taking care of them, paying the taxes, and mowing the grass, the chance is low. You would own the Note on these, so your investment is backed & secured by the physical property.Questions? We have answers! These won't stick around that long, so if you want more info on how to get involved, please call us right now: 1-714-434-1441Christopher WinklerThe Note WhispererSilverwood Capital, LLC1-714-434-1441

Note Buying For Dummies - Chicago, IL April 23, 2015

Mon, 20 Apr 2015 04:29:26 -0700

Scott Carson is putting on his Note Buying For Dummies workshop this weekend and if you are close by, this is a great event to learn about Non-performing notes backed by real estate.Click here to register or get more info… http://bit.ly/notebuyingfordummiesScott covers a lot of ground in 4 days and you will have good, solid knowledge of how to find, fund, and flip the defaulted notes. I went to his event last September in Irvine, and took a refresher course in Jan. This is all solid education and no fluff or BS; come prepared to learn all about how you can profit from these toxic assets. Scott Carson has been an active real estate investor since 2001. His firm, Inverse Investments LLC, is an Austin, TX based note buying firm that specializes in buying defaulted notes and REO's from banks and hedge funds on residential and commercial properties across the United States.

Creating Passive Income Notes with Chris Winkler

Wed, 01 Apr 2015 02:06:42 -0700

We did an interview last fall with Les Weitman from Life on PIRE, Passive Income Real Estate Done For You, called Creating Passive Income Notes With Chris Winkler, and its out now live! We talk about investing in non performing real estate notes that are backed by the property. Les asks some great questions, and we cover a lot of ground in 48 minutes. So much has happened since then, we have evaluated at hundreds and hundreds of notes, started several joint venture partnerships, lost a few bids on notes that hit our sweet spot, attended a note investor mastermind group in Sand Diego, went on a Florida Shadow Asset road show with over 20 other investors, grown our network and our sources for non performing notes, added several joint venture investor partners to help acquire them, and are set up to expand toward our goal of starting an equity fund with a couple of our note investor mastermind friends. You can get the podcast in iTunes here. You can listen here in Stitcher. You can listen here on Libsyn. If your 401k is now a 101k, and you want to diversify before the stock market bubble bursts, consider joint venturing with us on the notes where you can have a passive, hands off approach by being the bank, and we do all the sweat equity, as an alternative to rehabbing and dealing with toilets, tenants, and termites. Please contact us for more information on current Joint Venture Opportunities! Christopher WinklerThe Note WhispererSilverwood Capital, LLC1-714-434-1441cwinkler @ SilverwoodLLC.com

Dallas Nonperforming Note JV Opportunity Possible 64% Return??

Wed, 18 Mar 2015 06:28:20 -0700

Good, occupied nonperforming notes (NPN) in Texas & Florida are hard to come by, unless you are buying large pools of notes, which we will soon have an equity fund to do just that. For the time being, we are looking for a joint venture partner to help us acquire this occupied 3/1 SFR NPN 1st position with 2x pride of ownership, meaning not only do they have a USA flag flying, they have a Texas flag flying; double pride of ownership! Hook'em Horns! The last broker price opinion (BPO) values it at $60k, and the unpaid principal balance (UPB) at just under $51,000, excluding 2 years of interest & penalties. Texas land values are increasing and Zillow feels Dallas area will increase 4.3% next year. Should we get them repaying the note, we can collect a year of payments and sell it for 80-85% of the value of the home for a potential combined 64% return from a purchase price of $35,772.00, and $1683.24 in taxes. If they don't want to pay or stay, we get them to sign a deed-in-lieu (DIL) of foreclosure and rent out the property for a potential 19% Cash on cash return (COCR) in a year, then sell it as a loaded rental to an investor for more than the fair market value (FMV). Current rents average $897.00/mo. Worst case, we foreclose and in Texas, we can do it nonjudically between 60-120 days, and a possible 36% ROI. Then we rinse & repeat. Interested in more info on how select, nonperforming notes can get these kinds of returns?? This works great for a self-directed IRA also. f your 401k is now a 101k, here is a chance to pump it back up. Call us now, or send an email for a cut sheet with all the numbers... Christopher WinklerThe Note Whisperer1-714-434-1441info @ silverwoodllc.comSilverwood Capital, LLC Nothing on this page is to be construed as an offer to buy or sell securities or FDIC insured products. All real estate investments involve different degrees of risk and there are no guarantees, though there are 8 exit strategies we can deploy depending on how it plays out once we own it. You should be acutely aware of your financial status and risk tolerance level at all times. Furthermore, you should read all agreements, contracts, documents and representations carefully before making any investment decisions. An individual is allowed to purchase a property or note, one at a time. We do not currently pool any money between two or more people, partners, or private lenders. The information contained herein should not be used in any actual transaction without the advice and guidance of a professional advisor, accountant, tax professional, and or an attorney before making any private money loan or transaction. Investing in real estate notes does contain a high level of risk, and should only be pursued if you are able to bear these risks. The information contained on this web site regarding any potential real estate investment is general in nature, and is not intended as legal, tax or investment advice. Certain assets might not be owned by Silverwood Capital, LLC. Any note servicing or property management services are provided by unaffiliated third parties.

Ashtabula, OH NPN - Pending Forbearance

Tue, 03 Feb 2015 07:16:21 -0800

Recent BPO puts value @ $64,900. There are a total of $61,738.00 in UPB & arrearages. Price is 57.7% of BPO or $37,499.00. Owner wants to stay in the home and is agreeing to a forbearance agreement. Should this not work out, we will offer them a Deed-In-Lieu, or Short Sale. Worst case we foreclose & sell for quick sale by listing with a local realtor for 85-90% of FMV, depending on condition. Foreclosure takes about 8-9 months, judicial with a redemption period any time before the sale. The house is occupied by a mother and daughter, who have lived in the house for at least 20 years. The photo is from a local agent drive-by in December, 2014. Land Home is the loan servicer and is in touch with the borrower. Collateral file has been professionally scrubbed and is stored by Richmond Monroe. All the assignments have been recorded with the county. Contact me for more information and our exit strategies. Chris WinklerSilverwood Capital, LLC

9 Re-Performing Note Pool Average 21% ROI

Mon, 26 Jan 2015 10:26:07 -0800

This is a pool of 9 Re-Performing notes in TX, NC, MI, and OH. UPB is $401,002, BPO is $316,500, selling price is $189,525. The notes are anywhere from 1 to 52 months re-performing, with a monthly cash flow of $3,157.38 or $37,888 per year. Here is a map of the properties: http://batchgeo.com/map/f23af437e46d224cdce63dd4c81a0492 The homes average BPO is between $15,500 and $60,000, with an average of $35,166, and the first year ROI averages 21%. We would like to sell the whole pool, though we will accept carve outs. Ideal for a self directed IRA! Call us for more info! Christopher WinklerSilverwood Capital, LLC1-714-474-8116

9 NPN Pool For Sale @ 8% Of UPB

Mon, 26 Jan 2015 09:31:30 -0800

This is a pool of 9 nonperforming 1st lien notes for sale for 8% of UPB. One Illinois, two Michigan, four Ohio, and one Wisconsin. Here is a map of them all with the individual prices. All are SFR except for two duplexes. http://batchgeo.com/map/2331ac083f97358c14827acec34546e2 UPB for all is $567,885.24, Sale price $45,430.82, selling the whole lot. Current taxes owed is $66,177.78. Contact us for more information. Best regards,Chris WinklerSilverwood Capital, LLC1-714-434-1441

Video Of 11 Florida Non-Performing Note Pool JV Opportunity

Wed, 21 Jan 2015 03:07:57 -0800

Here is a video we made of all 11 of the NonPerforming notes in the Florida pool we are digging into. There are 6 foreclosures, 4 signed or signing Deed-In-Lieu, and one loan modification. Contact me to talk about Joint Venturing with us on 1, 2, or more… Christopher WinklerSilverwood Capital, LLC1-714-474-8116

$37,954 Joint Venture Partner Wanted - NonPerforming 1st lien at 60% ITV

Mon, 03 Nov 2014 08:39:12 -0800

We are looking for a JV Partner for a nonperforming 1st lien note backed by the real estate in Pensacola, FL. The property is valued at $62,500.00, and the JV would be for $37,954.38 or 60% ITV. The property is occupied, grass is mowed and being taken care of, which is what we look for in selecting properties to acquire. Its is a SFR with 1 or 2 bedrooms, 1 full bath, Sq ft is 884, Lot size is 0.22 acres, and constructed in 1944. It has Central A/C, central heating and has a shingle roof. Past due balance is $69,825.00, with a 7.63% interest rate, and P&I payments are $513.15. Rents in the area are between $363.00 and $567.00, with the average of $463, so they can continue to live here and own the house for a little higher than average rent. We would make ever effort we can to get them to start repaying the note, and after 6 months of payments, to work out a loan modification with them if needed, and either sell the performing note in 6-12 months, or keep it if the area is appreciating. If they are unable to make payments we will look to obtain a Deed-In-Lieu of foreclosure, give them cash for keys, or attempt a short sale for $55,000. Worst case we have to foreclose and sell the house. Florida properties are hot, hot, hot, so contact us as soon as possible for more information! Christopher WinklerSilverwood Capital, LLC1-714-434-1441cwinkler@silverwoodllc.com