EP121: Bidding On UPB or the Total Payoff - When To Do Each

Mortgage Note Investing Weekly

In this episode, we dive into the nuances of bidding on UPB (Unpaid Principal Balance) versus the Total Payoff when dealing with performing and non-performing assets.
Join hosts Rick Allen and Brett Burky as they discuss bidding strategies in real estate note investing, focusing on whether to base bids on the outstanding balance or the total payoff.
They explain how it depends on the deal, the asset's performance, and the investor's goals. Rick and Brett highlight the importance of analyzing each asset and considering individual circumstances when determining bid strategies.
They highlight the importance of carefully verifying amounts when bidding based on the total payoff, emphasizing the need for a thorough analysis to make well-informed decisions.
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Chapters:
0:00 Intro
0:20 Getting Ready for the Holidays
0:36 Market Dynamics During Holidays
1:00 Bidding Strategies in December
3:39 Bidding Over Total Payoff
5:55 - Bidding on Total Payoff vs. UPB
9:08 - When to Bid on Total Payoff
11:12 - Non-Performing Loans and Total Payoff
13:00 - Bidding on Performing Assets
15:23 Wrapping Up and Holiday Plans
Whether you're a seasoned investor or just starting in the note business, this episode provides valuable insights into making informed bidding decisions. Don't miss out – hit play now and enhance your note investing strategy! 📈💡
✨ Happy Holidays from Paperstac! 🎄🎁
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Key Takeaways for Successful Bidding Strategies:
- Flexibility in Bidding Strategies:
Bidding strategies are not a one-size-fits-all; they pivot on the specifics of each deal and the investor's objectives.
- Asset Analysis is Paramount:
Every asset deserves a thorough analysis to tailor bidding strategies and achieve optimal outcomes.
- Performing vs. Non-Performing Loans:
Distinguish between performing and non-performing

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