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.

Over the last few weeks I’ve been talking with a bunch of agents, and I noticed something interesting: Most people don’t struggle with getting leads… they struggle with what happens after the lead comes in. Some told me: “People stop replying after the first message.” “My follow-up is all over the place.” “I’m juggling too many conversations at once.” So now I’m curious, for you personally: 👉 What part of your client process feels the most chaotic right now? Lead response time? Booking calls? Nurturing? Organization? Something else? I’m asking because I’m trying to understand the REAL bottleneck in this industry… and I think the answers here could help a lot of people. Drop yours below — I’ll share what I’ve been seeing once a few people jump in.

I purchased this non-performing second mortgage back in 2014 on a property in Sacramento, CA. At the time the property was valued at $270,000. Shortly after I purchased the mortgage, I hired a law firm (Trustee) that manages foreclosure cases. The Trustee sent out a legal demand letter. Since I didn't hear from the borrowers when the legal demand letter expired, I moved forward with the foreclosure process. We eventually set a sheriff sale on the property in early 2015. About a month prior to the foreclosure sale, the borrowers filed for Chapter 13 Bankruptcy (BK) protection. The borrowers had a 1st mortgage balance of $270,000, but there was no equity in the property covering my 2nd mortgage loan balance of $97,414. The 2nd mortgage unpaid principal balance was $97,414, plus they owed another $16,000 in past due interest, late fees & lender recoverable legal expenses (owed arrears). With a total payoff on the 2nd mortgage of $113,414. I filed my Bankruptcy Proof of Claim with the BK Court in the amount of $113,414. A proof of claim is a form submitted by a creditor in order to receive money from a debtor who has filed for Bankruptcy. The Proof of Claim document provides notice of the claim to all of the other relevant parties involved in the bankruptcy, including the court, the debtor, and any other creditors. Shortly after that, the borrowers filed to have a hearing on the Motion to Strip the Junior Lien (my 2nd Mortgage). I knew there was no equity in the property covering my 2nd mortgage, so I didn't contest it. I was going to be at the mercy of them completing their Chapter 13 BK Payment Plan, and if they did complete their Chapter 13 BK Payment Plan, the Motion to Strip the Junior Lien would be granted by the BK Courts wiping out my 2nd mortgage. Meaning the 2nd mortgage would be no longer valid, no good and uncollectable. If the borrowers didn't complete their Chapter 13 BK Payment Plan, and got dismissed from the Chapter 13 BK, my 2nd Mortgage would be valid again. So, since I didn't contest the Motion to Strip the Junior Lien, the BK Court allowed them to file their Motion to Strip the Junior Lien. The borrower's Chapter 13 BK Payment Plan was a 60 month payment plan. My Junior Lien became an unsecured debt in the Chapter 13 BK Payment Plan. As an unsecured creditor, my Junior Lien was the highest balance debt owed.

This non-performing second mortgage was purchased back in December of 2023 on a property in Woodcliff, NJ. At the time the property was valued at $850,000. Shortly after the mortgage was purchased, we hired a law firm that manages foreclosure cases. The law firm sent out a legal demand letter. Since we didn't hear from the borrower when the legal demand letter expired, we moved forward with the foreclosure process. After the foreclosure complaint was filed (we also had to file an amended complaint), the borrower's Attorney reached out to our Attorney to resolve the delinquent 2nd mortgage. We weren't positive what the borrower's 1st mortgage balance was at the time of purchase, it was Unknown. The Borrower's also had a $130k Judgment against the property (Title Report stated - State Tax Lien or Warrant). The 2nd mortgage unpaid principal balance was $4,496.68, plus they owed another $223.27 in past due interest & late fees. We spent $4,813.90 in foreclosure legal fees & some other expenses, that were lender recoverable legal expenses. With a total payoff number of $9,623.85. We agreed to a payoff on the loan of $8,623.35, we gave the borrowers a $1k credit on the payoff amount. The Borrowers also paid the fees to Release the Mortgage in the county records. It wasn't the best deal, but we got all of our money out of the deal in 10 months, and made a small profit. This was purchased with a handful of other loans, so it just made sense to get this deal done. It always comes down to what's best for the portfolio. As I always say, this is why I love note investing, both parties of the transaction come out ahead, creating a win-win for both parties. Here are the Deal Numbers: - Purchase Price: $1,350.00 - Lawyer/Management Fees: $4,813.90 - Total Costs Paid: $6,163.90 Discounted Payoff Terms: - Loan Payoff Amount: $8,623.85

I just purchased two reperforming 2nd mortgages at a 12% yield in my Self Directed IRA, so I figured I would share the numbers with the group. Waterville, OH Note (Single Family Home): - Collateral Property FMV: $230k - 1st Mortgage Balance: $151k (Current) - 2nd Mortgage Purchase Price: $17,935.85 - 2nd Mortgage Loan Balance: $23,794.13 - Borrower Payments Made: 153 - (Loan Mod was 245 Monthly Payments) - Borrower Payments Purchased: 92 - Monthly Loan Payment: $309.63 - Current Interest Rate: 5.0% Albuquerque, NM Note (Single Family Home): Collateral Property FMV: $270k - 1st Mortgage Balance: $130k (Current) - 2nd Mortgage Purchase Price: $34,027.56 - 2nd Mortgage Loan Balance: $55,227.45 - Borrower Payments Made: 22 - (Loan Mod was 161 Monthly Payments) - Borrower Payments Purchased: 139 - Monthly Loan Payment: $478.84 - Current Interest Rate: 5.5% Two solid deals purchased from a Buyer's Club Member, who's part of the VIP Accelerator Program.