November Winner (Cash Prize - One Payment Partial)

Wow what a race we had this month for the top of the 30-day leaderboard!!

October's winner

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!

And next month we're going to expand the prize pool to also award the 2nd & 3rd place winners!

Best of luck to everyone in the community!!

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