Today we're going to talk about an asset-class that I love: Performing & Non-Performing Notes. Notes are the underlying contract or mortgage that a home-owner is paying on, or sometimes not paying on. Whether they're performing or non-performing, notes can offer a lucrative opportunity to make money and help distressed homeowners in the process.
Wylea Griggs, the owner of Eleesee Solutions, LLC, is a local Grand Rapids investor who has been purchasing non-performing notes. Today she is going to walk us through three of her recent deals and show us how she was able to make 30 to 60% returns, while helping several homeowners get past some difficult setbacks and get current with their mortgage payments.
Wylea also hosts a local meet up group: "Grand Rapids Note Closers - Wine & Notes for Self Directed IRA Real Estate Investors". They'll be meeting this Wednesday, May 8th, from 6 to 9pm at the Cascade Winery, 4665 Broadmoor, Kentwood, MI 49512.
I know you're going to enjoy hearing Wylea's story of how she got started investing in real estate and ended up realizing the benefits of investing in notes. You can contact her by phone, email, or her website: