Posted: 7/30/2014 1:21:39 PM EDT
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So, not too long ago I was approached by a colleague of mine in real estate. He owns a company trading debt, mainly in commercial and residential real estate. While I get the jist of the operation what pros and cons are there in this industry? If I get into this as a way to "diversify" my income stream what should I look for? Is the money worth the time of sitting and making phone calls to potential investors? Any and all thoughts, insight, concerns, educational feedback welcome. |
| I work in banking and before the recent crash, this type of thing wasn't unheard of, but was pretty out of the spotlight and was pretty much only done as a one-off deal. Now you have these large investment companies buying hundreds of millions or billions of dollars worth of notes at a time- often for under $0.50 on the dollar or less. Other than knowing there is a boat load of money to be made, I can't really give you any advice. |
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Quoted:
I work in banking and before the recent crash, this type of thing wasn't unheard of, but was pretty out of the spotlight and was pretty much only done as a one-off deal. Now you have these large investment companies buying hundreds of millions or billions of dollars worth of notes at a time- often for under $0.50 on the dollar or less. Other than knowing there is a boat load of money to be made, I can't really give you any advice. That's basically what the premise is. What if I IM'd you a name. Could you tell me if this is someone you know of in the industry? His name is all over the place and was with some pretty high profile deals. I basically have a chance to get in on the ground level with him and one other guy. Then we'd expand from there. |
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Quoted:
That's basically what the premise is. What if I IM'd you a name. Could you tell me if this is someone you know of in the industry? His name is all over the place and was with some pretty high profile deals. I basically have a chance to get in on the ground level with him and one other guy. Then we'd expand from there. Quoted:
Quoted:
I work in banking and before the recent crash, this type of thing wasn't unheard of, but was pretty out of the spotlight and was pretty much only done as a one-off deal. Now you have these large investment companies buying hundreds of millions or billions of dollars worth of notes at a time- often for under $0.50 on the dollar or less. Other than knowing there is a boat load of money to be made, I can't really give you any advice. That's basically what the premise is. What if I IM'd you a name. Could you tell me if this is someone you know of in the industry? His name is all over the place and was with some pretty high profile deals. I basically have a chance to get in on the ground level with him and one other guy. Then we'd expand from there. The words you are using to describe the person and the deal involve quite a few ponzy scheme buzzwords. Proceed with extreme caution. Make sure you truly know how many people are actually involved. does he have a deal with 50 other "me and another guy"s. Clearly you are still vetting, but just be careful. |
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Quoted:
The words you are using to describe the person and the deal involve quite a few ponzy scheme buzzwords. Proceed with extreme caution. Make sure you truly know how many people are actually involved. does he have a deal with 50 other "me and another guy"s. Clearly you are still vetting, but just be careful. Quoted:
Quoted:
Quoted:
I work in banking and before the recent crash, this type of thing wasn't unheard of, but was pretty out of the spotlight and was pretty much only done as a one-off deal. Now you have these large investment companies buying hundreds of millions or billions of dollars worth of notes at a time- often for under $0.50 on the dollar or less. Other than knowing there is a boat load of money to be made, I can't really give you any advice. That's basically what the premise is. What if I IM'd you a name. Could you tell me if this is someone you know of in the industry? His name is all over the place and was with some pretty high profile deals. I basically have a chance to get in on the ground level with him and one other guy. Then we'd expand from there. The words you are using to describe the person and the deal involve quite a few ponzy scheme buzzwords. Proceed with extreme caution. Make sure you truly know how many people are actually involved. does he have a deal with 50 other "me and another guy"s. Clearly you are still vetting, but just be careful. Thank you. I will. As of now it is just 3 of us, in the very early stages. We're looking at 3-5 year plans. Definitely not a "get rich quick" scheme. |