Paid Members! Start With the User Guide ».
How to Go Bank Direct for NPNs and REO
Not a member? In this Free 14 part email mini course I teach you everything I’ve learned about where and how to get the free public data that you can use to see which banks have distressed assets (like REO and non performing loans).
I cover in depth the ins and outs of not only where to get the data but what the different parts mean and how knowing what it all means can save you a lot of time and help you look like an expert when you do get connected.Free Email Mini Course»
Audio Training, Transcripts, and Articles
Notes
- A Primer on Buying Non Performing Notes Doug Grim and Chris Gleize Northern Value Group (Length 24:54 | 3,970 words | 17 Pages)
- How to Get Started in the Note Business Troy Fullwood Pinnacle Investments (Length 50:38 | 8,192 words | 30 pages)
- Note Sales Process John McCaffrey, SVP Auction.com (Length 31:45 | 4,692 words | 20 pages)
Funding
- Form a Successful Distressed Assets Fund Warren Kirshenbaum (Length 33:19 | 4,627 words | 21 pages )
- How to Set Up Your Own Private Equity Fund to Buy Notes Warren Kirshenbaum (Length 54:02 | 7.323 words | 32 pages )
Prospecting and Networking
- Distressed Asset Mastermind Groups Ken Hecht, Hecht Development (Length 21:26 | 13 pages)
- Get More Leads and Do More Business on LinkedIn
- 3 Steps to Get Started with LinkedIn for Prospecting
Working with Banks and the Bank Call Reports
- New FASB Rules, Why Workouts will End and More Sales Begin Sean Egan CPA, Formerly of KPMG (Length 14:53 | 2,060 words | 9 pages)
- How to Estimate Non Performing Note Volume Potential John McCaffrey, SVP Auction.com (Length 18:23 | 2,758 words | 12 Pages)
- Loss Share Agreements and Asset Distressed Asset Sales John McCaffrey, SVP Auction.com (Length 23:13 | 3,359 words | 16 Pages)
- How to Know When Banks Won’t Sell
- Loan and Lease Loss Provisions
- How to Know if a Bank Can Sell
- What Happens to a failed Bank’s Assets
- Predicting Bank Failures
- Texas Ratio and Other Distressed Bank Barometers
- Understanding Commercial Property Receivership Greg Trotter (Length 36 | 14 pages)
- Commercial Loan Workouts Bob Thomas (Length 19 Minutes)
BankProspector User Guide
The User Guide is a growing but fairly comprehensive collection of videos, images and articles that should help you navigate not just the app but a lot of the data inside it.
Eric Kassel of U.S. AssetAid LLC says of BankProspector2.0 "great, absolutely great!" Eric is an expert in sourcing bulk residential REO opportunities for high net worth individuals and private equity.
Distressed Pro has been an intuitive and invaluable analysis tool that allows us to quickly access and produce detailed reports on all of the FDIC bank related data and contacts at those institutions. The technology of DistressedPro allows our acquisition team to group by specific property types in a specific region of the country and drill down to a very detailed level of information to identify potential acquisition opportunities in our sweet spot, New England. We have been using DistressedPro for over a year now and find that the time savings more than pays for the already low subscription fees.
I represent select private equity investment groups in the acquisition of performing and non-performing commercial real estate loans. Over the past year, I've successfully transacted over $100 million in loan acquisitions from commercial banks. I've been a BankProspector subscriber since March of 2010 and version 1.0 and have found that it's a very helpful prospecting tool.