We had an awesome Expert Session call in the Mastermind yesterday learning how to turn Unsecured Debt into Secured Debt with Judgments. Very cool topic & a great speaker - recording is here for our top-level members. And in 30 minutes we're going live with our bi-monthly community chat! Everyone is invited, see you at 3pm EST!! https://www.skool.com/live/JscN95TDrXD

My SDIRA purchased this reperforming 2nd mortgage back in 2023 on a property in Chicora, PA. Shortly after I purchased the mortgage, I sold a Note Partial to one of my investors. Here are the Deal Numbers: - Property FMV: $170k - 1st Mortgage Balance: $68K (Current) - Note Purchase Price: $32,002.88 (Purchase Yield 14%) - 2nd Mortgage Loan Balance Purcahsed: $36,002.88 - Borrower Payments Made: 11 - Borrower Payments Purchased: 349 - Monthly Loan Payment: $400.00 - Current Interest Rate: 12.90% - Note Partial Sold: $14,982.70 (Purchase Yield 10%) - Note Payments Sold: 48 - Monthly Payment Sold: $400.00 I then took the $14,982.70 from the note partial sale & combined those funds with other funds in my SDIRA, $18,402.27. My SDIRA then purchased another reperforming 2nd mortgage on a property in Florence Township, NJ. Here are those Deal Numbers: - Property FMV: $550k - 1st Mortgage Balance: $234K (Current) - Note Purchase Price: $33,384.97 (Purchase Yield 13%) - 2nd Mortgage Loan Balance Purchased: $45,294.80 - Borrower Payments Made: 13 - Borrower Payments Purchased: 227 - Monthly Loan Payment: $415.98 - Current Interest Rate: 9.0% The thought process was to keep my investor happy, and to keep idle money in my SDIRA working for me. All tax free in my Roth SDIRA.

Pretty excited guys I’m about to close my first deal as a matchmaker!

Check out these 224 counties that have online auctions I think you could build a business just using this tool. I have brought properties to foreclosure in Hillsborough county FL, Duval county FL, and Summit county OH through this online platform

Wow what a race we had this month for the top of the 30-day leaderboard!! October's winner @Iván Terrero & @Kareem Aaron were back & forth all month - with Kareem just squeaking out the win on the last day of the month (190 points to Iván's 187) Special recognition to @Jordan Adamczyk for the 3rd place with 45 points - nice work everyone! Kareem - check your email to share your Venmo/Paypal and get your "one payment partial" of $129.97. What is a one payment partial? One of the reasons mortgage notes are so powerful is their divisibility: you can split a performing, cash-flowing note into separate assets and sell ownership of current or future payments. Note investors use "Partials" (contract template here for VIP Accelerator members) to sell a slice of the future cash-flow of a mortgage note. For example, you might buy a non-performing note for $10k, modify it with the borrower for monthly payments of $300 for the next 7 years (84 payments) and then sell the next 48 payments (4 years) to an investor for ~$10k to recoup your investment. In 4 years, your buyer's partial payments will be over and you'll get the $300 per month again for the next 36 months (or until the loan is paid off). In this case, we're using a "one-payment partial" as a hands-on learning opportunity to give the winner of our 30-day leaderboard a monthly payment of $129.97 (the exact monthly payment of one of our modified loans that recently paid off). And how do you win it yourself in December? Don't be intimidated by the big numbers on the leaderboard! These totals reset every day to only reflect the last 30 days of activity. So if you start posting, commenting & participating today - you'll have a good chance of being the top of the leaderboard in 30 days!