1d • Acquisitions 🛍️
📣 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.
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
- Review the deal data below
- Comment with your best guess for the final sale price
- Optional: add 1–2 sentences explaining your logic
- 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!
6
11 comments
📣 ROUND 2: The Pricing Game!
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