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John murray version 3 14
- 4. 1,000 Eddie Speed P.O. Box 1234 South Lake, TX
- 5. John Eddie Owes $1,000 Check Cashing Service John Murray 1,000
- 8. What Determines Note’s Value? Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Good Payment Record Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% Bad Payment Record Re-Performing Note Cost 60% - 80% Non-Performing Note Cost 10% - 40%
- 10. Source: NAR National Address 2013 Cash Buyers
- 17. REAL ESTATE As-Is Value of Collateral
- 18. EstablishAs-ISValue Investment to Value Ratio = 85% Investment to Value Ratio = 20%
- 24. Property: Memphis, TN Current Market Value: $200,000 “Re-Performing Note”
- 25. Non-Performing Note Non-Performing Note Eddie’s ROTH IRA Account Bank Sells loans to Hedge Fund Non-Perfoming Note Non-Perfoming Note Profits from Note grow Tax- free inside Roth IRA
- 26. 271 pmts Negotiated Price for Entire Note of $105,000 $160,316 @ 6% Pmt / $1,081 271 Mos Remain
- 27. Buys 271 Pmts Note Amortization Schedule Fund$105,000 Note bought for $55,316 discount Note Interest Rate = 6% Yield = 12.15% $160,316 Balance $55,316
- 29. 271 pmts Negotiated Price for Entire Note of $105,000 $160,316 @ 6% Pmt / $1,081 271 Mos Remain
- 30. Buys 271 Pmts Note Amortization Schedule Fund$105,000 Note bought for $55,316 discount Note Interest Rate = 6% Yield = 12.15% $160,316 Balance $55,316
- 33. HouseValue$200,000 Cost of Note IRA Invested $105,000 52% ITV
- 36. Non-Performing Notes Modify Deed in Lieu Foreclosure 40% 40% 20% ©NoteSchool 2013
- 37. Non-Performing Notes Modify Deed in Lieu Foreclosure 40% 40% 20% ©NoteSchool 2013
- 39.
- 41. REAL ESTATE
- 42. EstablishAs-ISValue Investment to Value Ratio = 50% Investment to Value Ratio = 20%
- 44. • • •