📣 ROUND 2: The Pricing Game!
📊 Round 1 Results: Great participation on the first round! Most guesses clustered in the 35%–45% of UPB range, which shows strong equity awareness but conservative junior-lien discounting. Actual purchase price: $32,211 (~53% of UPB) Stay tuned for the actual note buyer @Dj Olojo, to break down how he turned this into a re-performer & sold for profit. 🎯 Closest guess (the winner!): @Roman Bassovski, who came within ~$1,200 of the actual sale price. Honorable mentions to: @Jeff Vincent: $30,000 @Smitty Smith: $30,200 (45–50% range) This Thursday on the community call, we’ll break down: - Why this asset cleared higher than most estimates - How the buyer underwrote borrower strength + equity - The modification strategy used - How it was exited as a reperforming note 📣 The Pricing Game — Round 2 🕹️ How to Play 1. Review the deal data below 2. Comment with your best guess for the final sale price 3. Optional: add 1–2 sentences explaining your logic 4. Closest guess wins the round 📂 Today’s Deal: Another REAL Closed Transaction Asset Type: Charged-Off, Non-Performing 1st Mortgage (Senior Lien, NPL) Sale Date: 04/19/2024 Property Type: 1,394 sq/ft Single Family Home (average condition) Location: Youngstown, OH 44502, Mahoning County Property Fair Market Value: $35,000 1st Mortgage UPB: $28,300.55 (subject asset) Status Notes: - Non-Performing Senior Lien - Charged off by the bank on 11/03/2023 - Property is vacant - Delinquent property taxes: $6,646.70 - Sold to a Mastermind Accelerator member on 04/19/2024 - Part of a 10-asset package What do you think this note actually sold for? Leave your guess down below!