Let’s face it, not every real estate or note deal goes exactly as you planned that is why it is important to have back up plans. In the note business we have the luxury of having multiple exit strategies and that is why we never go into a deal with just one “out” in mind.
In this short video Kevin will guide you through a quick case study that show you how having a “plan B” worked out great. The students were able to keep the borrower in a home they loved by doing a loan modification.
The modification converted this non-performing loan in to a re-performing loan. Once they had the loan re-performing, they sold it to another investor. Another win-win-win note transaction.