private investor: JV Partners Wanted For Above Average Returns In Non-Performing Notes
- 07/07/15 04:20 AM
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 … (0 comments)
Imagine A 26.25% Return In Four Months? 
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