Since 2009 we've been helping people just like you to do more deals, more profitably, and faster than they ever had before. Are you next? - Brecht Palombo, President Distressedpro.com
Maybe you're here because you're sick and tired of working with private sellers like I was.
Maybe you're here because you've been trying to find deals out there and you know how difficult and time consuming it can be in this market.
Maybe you're here because you're in the note business and you need more inventory.
Or maybe you're here because you're looking to get started in the note business and you know you have to find your own deals if you want to do it right.
Maybe you need local REO as a Realtor, developer or investor.
Whatever brought you to the webinar and this page I want to help you decide if this end of the business is for you and if this program is what you're looking for.
If you want to do repeat deals instead of constantly chasing new sellers...
If you want to have buyers and investors chasing you instead of the other way around...
If you want to finally work with sellers who don't take it personally when they take a hit and who have a seemingly unending supply of distressed assets that they have to sell...
Then read on because because you've found the #1 resource in the industry to accomplish your goals.
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 non-accrual loans, the REOs and so forth.
So the end result of this in a latter part – actually I got a 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.
Paul Marshall – Investments Only Group, NC
How would it feel to do a deal a year like Paul's? Nobody can guarantee your success but you. What I can guarantee is that you will have all the tools, technology and opportunity that Paul had plus a whole lot more and that we will support you 100% in achieving your goals with a proven system.
Banks have local REO deals for sure and you can do those deals all day...
But one of the more exciting opportunities in real estate today is in notes and in particular in non-performing notes. The note business is one of the rare real estate niches where most investors never see the collateral for the assets they invest in.
In the note business you can find deal with banks anywhere in the country and you can fund, flip, or broker your deals to investors who are anywhere in the country.
The only things you need are a phone, a computer, and a desire to succeed.
The note business is still the wild west. With very few exceptions there are no licensing requirements of any kind to buy, flip, or broker notes, unlike real estate.
Maybe you came here thinking that all you wanted to do was local REO deals.
What most of our members find out is that there are so many more opportunities than just discounted local real estate (REOs) and once you dig in and start using our system and calling on lenders a whole other world of deal possibilities present themselves.
Why? Because a lender's primary assets are the notes. Real estate is an unwanted byproduct of bad notes.
When you start with the debt side of the business, the notes, the number of exits and profit opportunities is multiplied exponentially.
Yes. I've got one deal that we're looking to close probably within the next week or so. It's a trailer park deal and it's relatively ... It's a good size deal.
Basically, it came from me reaching out to banks and you know I do some homework via the stuff that you provided and I go in and check to see if they were healthy or not and if they indeed had any assets and try to find the correct person.
It took a little work. It took some calls and e-mails, but Yes I made some headway and that's my first note deal and like I said I'll be closing that in about a week and right behind it now via the same bank looking to possibly close a second deal.
Got it on the table, got it in front of a couple of people and it's a storage facility, pretty big as well. I'm having success, a little success is coming.
I'll make $15,000. This is my first deal. It probably took me, all together shooting e-mails and I had to do a little bit of ... Everything Idid from my laptop, but like I said I tried to simplify the process or make it easier for both sides, 5 hours.
... it's an awesome experience. It's an awesome feeling. I mean I got past the being ... I was apprehensive about calling. I'm thinking, oh banks and the numbers are so big, but it's just a conversation...
The big mistake that most people make when they're getting started with this is two-fold:
The first thing they do wrong is that they believe that they have to know every single excruciating detail before they begin... and that leads them to their second mistake - they simply fail to take action.
Executing on our program will make you excellent at souring note or REO deals.
Finding deals is the most important most profitable job in the business. Being able to find deals puts you in control of the deal and in control of your financial future.
NOTHING happens until you find a deal. There's no marketing, funding, servicing, nothing... Absolutely nothing happens until someone finds a deal.
If you are the one finding the deals then you have the world at your feet. When you're the one who finds the deals you will never have a shortage of investors or buyers to work with.
If you're investing your own capital then being able to source deals direct means that you'll never be subject to broker chains and leftover low margin product.
Do you want to finally get out of the broker chains? Wouldn't it be nice to know that, because you can find the deals, you never have to worry about where your deals and money will come from again?
And when you complete our program you'll have the tools and the knowledge to be able to find deals from the biggest source of repeat, discounted and distressed sellers in real estate and notes - LENDERS.
For a limited time we've combined the best, most comprehensive distressed deal sourcing training in the business with the most powerful non-performing note and REO sourcing software on the planet to offer you this complete system - at an unbeatable price.
The Bank Direct Mastery Program isn't one of those that gives you a few pieces and lets you figure out the rest. When you go through this training you will be fully equipped with everything you need to succeed.
Powerful features that lead you to your best prospects in minutes instead of months.
With over 18,000 contacts plus our contact finder concierge service you'll get your decision makers
Track your prospecting progress and activities and conversations. Beat your competitors to the best deals.
“Already found a bank with $18MM parcel of land to build 500 units and they have no representation. This stuff is very exciting.
“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."
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. (This is a true, non-compensated non-solicited testimonial.)
I wouldn’t be w/o 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.
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!
You'll get immediate access to the Bank Direct Mastery and Mastering BankProspector training, the Expert Interview Series, the BankProspector software, the Verified Investors Database and so much more.
If you're serious about succeeding in this business then try us risk-free for the next 30 days. You've got nothing to lose. The risk is entirely ours.
100% 30-Day Money Back Guarantee
I built this for you because I wished that I had it when I first started out.
Working with lenders changed my business and it will change yours. I started doing more, and bigger deals. But, perhaps more importantly, I started doing repeat deals which meant less time prospecting and more time doing the things that actually make money.
If you're a seasoned professional then you'll appreciate the depth of knowledge that you'll gain in what often feels like a "black box" - the world of special assets and non-performing assets.
If you're new to the business then you'll appreciate the step-by-step approach and how we shortcut and demystify so much of this tiny but wildly profitable niche in the industry.
Regardless of where you are today you'll be glad that you positioned yourself for the inevitable turn in the market that has crushed so many in the past and threatens to again in the not-too-distant future.
I look forward to seeing you on the inside.
Still wondering if this is for you? Here's what we know about who succeeds and who doesn't.
Then just $249 $99/mo with no commitment
100% Satisfaction Guaranteed
You are fully protected by our 100% Satisfaction-Guarantee.
If you are not happy for any reason during your first 30 days of ownership simply cancel and let us know and we will refund 100% of your investment.
Not at all but we've designed the training so that it can be completed in 6 weeks, including all the activities, so that you can be working on doing deals ASAP. Do the training in as much or as little time as you need.
That's what we're here for! See that chat button in the lower right corner, that's on every page and it is manned by extremely competent US staff. If they can't point you to the answer then the question goes right to me.
There are thousands upon thousands of banks and credit unions with non-performing notes and REO. We do not tell our members to call on specific lenders we give you every single lender in the US. If you're going to be in the business then you're going to call on lenders, we give you the info for every single one of them.
We have not even once heard of students bumping into each other in their prospecting since 2009...
Sometimes. Depends on the note, depends on the bank. You'd do far better to flip or broker the rest of the pool to another investor, however, then to pigeon hole yourself into tiny deals. The appetite for notes is huge, don't walk away from bigger "tapes" ask us when you run into this situation.
No. They can sell however they want unless the assets are covered under loss-share agreements which you'll learn about inside. There are distinct advantages to selling quickly to investors without going through the listing process.
If you are a Realtor then you should be contacting banks to let them know how your services will help them achieve their goals.
While our training will help you to understand who to contact and how to contact them the training and software is not designed for chasing down a single address.
P.S. This deal is going away shortly. If you're serious about doing more note and REO deals then you should jump on this deal today. Don't miss it. Join us.