NPLs-Loans Ratios, Determining Properties in Default, Finding Non-Performing Properties, Sell Indicators, Using Power Search

But right now, until we have our new version released, the way that you want to do this is you want to add folks either to, you want to tag them or add them to your targets, and then you want to come here, and you want to select the specific items that you want in your export.

Also, on the column views, there are columns missing to view, which were part of my advanced export to view when I was doing this before. 

Also, if you do the Power Search for “All Banks” in the USA, refine it by “Loans for Sale Non-Accrual” with a range between 1-30k, the results are 0. However, if you do other searches (ex. Loans for Sale 90+ Days) and view the column of Loans for Sale Non-Accrual as a part of that search, there are banks with numbers in there for “Loans for Sale Non-Accrual.”

I would not put a maximum like 30k on there. Even if that is the maximum deal size that you think that you’re after, I would not put that on there. I would look at anyone that’s selling loans. And then I would look to carve out some of that. 

Now, if you’re feeling like that’s all that you have to pursue, then I would really strongly advise that you work to team up with some other folks, either as a JV or folks who you can broker notes out to or folks who will buy the whole portfolio or bigger parts of the portfolio and then carve pieces out for you, or you tie up the portfolio, identify specific loans that you want. I would not put an upper bound on yourself like 30k; it’s just too small. 

I hope that I’ve answered these questions. I hope you are getting going right now as we’re moving towards the end of the year. It’s an excellent time to be prospecting, especially as we’re coming out of all this forbearance and eviction moratoriums and all that sort of thing.

We’re just five days past getting settled with that, and I think we’re going to see a lot of inventory open up over the next 60 to 90 days. It’s going to be a really exciting time. So that’s it. I hope this was helpful for you. 

Thank you for being a member, and we’ll see you next week.