Gentlemen – I bowed out of this conversation as it veered way off track from the initial topic of purchasing Non-Performing Loans to a philisophical discussion of investing vs speculating and whether real estate is a worthy endeavor (now I am hesitant to call it an investment…). As a fund manager I still have a job to do (and hopefully keep). My paid content writer was fired last year.

Whether anyone wants to, or chooses not to, invest in real estate is fine. This is why there are investments in gold, emerging markets, treasuries, etc with risk, return, and fundamentals all across the spectrum.

I believe that if one chooses to dive into commercial real estate, now is the time that opportunities will begin to surface, albeit not every transaction is worthy.

In today’s environment one of the best avenues to properties with distressed ownership is via the direct bank channel (note I stated distressed ownership vs. distressed property…very different). Now working your way to these loans and a real discount/pricing from the lender is 1,000x more difficult than any video promoter will let on. Banks don’t want to accept reality and take the hit any more than the former owner did.

Thus, if this thread can get back on topic via anyone with tangible experience acquiring notes as a principal, taking the property through foreclosure dodging lawsuits/bankruptcy filings, and repositioning the asset into a profitable cash flowing deal, I’d love to hear your experiences.