See what our members have to say about us!
"I love the product, and it has allowed me to put have a bank offer for me to purchase a 2.2M UPB note pool."
With some teamwork and persistence, Joe and Jamie got a tape of about 33 local assets...
“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.”
“The reperforming exit strategy your outcome is the most likely and the returns of those on average are the 33 asset about it’s upwards of 25 percent. If you take that back and it just starts reforming again we see that for a period of time and then sell it at 85 percent. Our return would be you know 25 percent or better on the aggregate. Should we foreclose on any of these, should that happen, it’s not terribly likely, but if it did then our return would be triple digits. ”
Listen to the full interview!
Recovery Analytics, LLC
"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."
"I have known Brecht for several years now and have found him to be one of the most innovative people I know. His pioneering data miner, Distressedpro.com continues to be an unmatched tool for the note and real-estate investor.I strongly recommend him."
Investments Only Group
$80K in the first 6 months!
"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."
"If you want to be a professional in the non-performing note space you MUST have the tools available in Brecht Palombo’s Distressed Pro Training. I am an experience non-performing note investor, vetted with multiple hedge funds. It became immediately apparent while taking the Distressed Pro Training that not only did I not have the answers, I didn’t even have the correct questions that would lead to acquiring non-performing bank notes and OREO. No hesitation. Order Brecht’s Distressed Pro Training immediately."
Ten Financial Group, LLC
Private Equity Fund Manager
"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."
"Brecht has a tremendous insight into Banking industry and provides a valuable service to Real Estate professionals. He has a deep understanding of banking data as it relates to current distressed assets market."
CEO/Managing Director Off-Market Association
Sperry Van Ness
"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."
"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."
Fitz Debt Acquisitions
"Distressed Pro is an invaluable resource to get updated information on finding banks distressed & non performing assets. This system helps me locate the sub & non performing assets, find the decision makers, & 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 spent thousands of dollars with 'gurus' pointing towards bank assets for deals. After being introduced to Distressed Pro I now understand the entire process banks must use to even be in a position to sell anything. I know which banks have distressed assets in each category, each quarter, who to call, and what to say to make my deals happen."
"I have to say, I really love the site and it is definitely worth the initial and monthly price! I see you have a ton of banks and credit Unions as well as loan servicers, which is awesome!"
Note Purchase Pro
Mike has been a full time note investor since 2007!
Genesis Home Solutions East, LLC
Main St Partners