|Advanced Contact Export|
|Virtual Real Time Data|
"I love the product, and it has allowed me to have a bank offer for me to purchase a $2.2MM UPB note pool."
“If you go through all the material that’s in DistressedPro it’s very very well put together. You’re going to find it and you’re persistent with your phone calls you’re going to find that you will eventually get to a bank if you are if you’re going to stay on the phone and do what it takes.”
"Distressedpro.com continues to be an unmatched tool for the note and real-estate investor."
"I think I’m in love… Already found a bank with $18MM parcel of land to build 500 units and they have no representation. This stuff is very exciting."
"Anybody can do it if they do just what you said… It took me probably a good 60, 90 days to keep calling people back, feeling them out and seeing the people I could really deal with and ￼back in December I found a bank out in California, relatively small bank, and in talking to them I realized that they needed to cash out some of the stuff because they needed capital.
So, when I go into Distressed Pro it gives you everything you want to know about the bank. I mean it tells you all the nonaccrual loans, the REOs and so forth. So the end result of this in a latter part – actually I got the check February 4, I closed – in banking this is a relatively small deal, but was $8.25 million on some nonperforming notes.
As a result of that he wants me to represent the bank for the next two years which is pretty cool and so we have three more deals cooking, everything should close by the end of March probably for about maybe – two of them very small and then we’ve got one bigger one. It’s about $20 to $22 million total. When I say $20 to $22 million that would be gross. We’d probably end up somewhere around $16 million as far as the actual buy. So, I get a point of that (1%) and that makes me happy."
"Thank you for developing the DistressedPro Academy and BankProspector platform.
Although we are experts in what we do (judgment enforcement), we had little knowledge on the buying and selling of debt directly from the banks themselves.
It's not an exaggeration to say that Distressedpro.com gave us the language and tools we needed to fill the gap in knowledge and now go directly to the source for deals."
"Great material, Excellent value.
I signed up about a year ago and found tons of info on his website to be useful and worth the price."
"I wouldn’t be without DistressedPro.
We’ve made several good bank connections as a results of our subscription, and continue to use it on a regular basis.
Anyone trying to do business with banks needs all the data they can get their hands on and your site easily provides it."
"Distressed Pro is an invaluable resource to get updated information on finding banks distressed and non performing assets.
This system helps me locate the sub and non performing assets, find the decision makers, and gives me updated reports to help me speak intelligently about what types of loans a bank has that are in default."
"Distressedpro.com is THE tool that you need as a new note investor!
That’s why I make it a must-own as a part of my coaching program!
There is nothing out there better to help you find banks with bad paper and the right person."
"I broker non-performing notes nationwide. I've been using it since 2010. I encourage my students to use your software and build a business around it.
3 clicks away and you're looking at the inside of a California bank.
It's really the only tool you need..."
"I would not want to go through what we went through before we had your software.
I recommend it highly.
Your time is very valuable. If you're not talking to the right people you're not going to be buying any notes. Its as simple as that."
I use it 4-5 times a week because I'm constantly looking for the right banks and the right people. Before I had (BankProspector) it was like picking up a phonebook.
To be honest I put it off (buying BankProspector) for a few months but Since I'm in this business I knew I had to have the right tools.
It's been a life saver and a game changer and I thank you for it.
If I can use it anybody can use it. Tech is not my strong suit.
I called [obscured] Bank and they told me they'd have something in 3-4 weeks.
I also called [obscured] Cooperative based on what I found in BankProspector and I made a great connection. I've been using it for 3 days.
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."
My distressedpro.com subscription is worth every penny.
I'm looking at liquidating 15 assets for a local bank right now. I have more confidence and much easier conversations when I'm contacting banks because I understand what's happening there internally.
The edge that I get from having the inside information, not just in terms of the banks' portfolios, but also from the training that's available has gotten me in the door at a number of banks.
If you're in the note or REO business, distressedpro.com is a must have. The deals I'm doing as a result will pay for my subscription may, many times over.
Thank you for the great information. I was able to connect with an asset manager the second day I used your program.