"I have an opportunity to purchase 7 loans with an unpaid principal balance of 420k. This does not include the interest I will collect going forward. I will get all of my purchase price out over the next 5 years. 36k per year coming in as passive…"
New Jersey, Pennsylvania, and New York's Real Estate Investment Club NJ, NY, PA
-
Mike Ruscica
- NoteConference.com
- Blog Posts
- Discussions (2)
- Featured Events
- Groups
- Photos
- Photo Albums
- Videos
Mike Ruscica's Discussions
Understanding the "Note Business"
2 Replies
I have been asked many times what is the "Note Business" and how can it be of benefit to me? I guess I will start by describing how I got involved and what benefits I have realized over the years. I…Continue
Started this discussion. Last reply by Alberto Artasanchez 6 hours ago.
Mike Ruscica's Page
Latest Activity
Mike Ruscica posted a status
"I am looking at 7 reperforming notes to purchase...420k of debt for 170k, annual income 36k"
Mike Ruscica posted a discussion
Understanding the "Note Business"
I have been asked many times what is the "Note Business" and how can it be of benefit to me? I guess I will start by describing how I got involved and what benefits I have realized over the years. I have always been fond of the idea of people owing me money...whether it was a boss at a J O B or tenants in a rental, clients in my business etc. the thought of my boss owing me for a weeks worth of work plus overtime, plus side jobs plus this plus that etc. made me feel comfortable having an…See More
Mike Ruscica is now a member of TriState Mixer: The Ultimate Real Estate Investment Club
Profile Information
- Company Name (if applicable - not website/not e-mail)
- NoteConference.com
- What Industry do you work in? (you can select multiple)
- Real Estate Investor
- What I have to offer is... (be specific, this is important)
- Knowledge investing in non performing notes that is a win win situation for the borrower and us!
- What I am looking for is... (be specific, this is important)
- Like minded people to build a MASTERMIND GROUP and fix this situation we are all a part of, upside down properties.
Comment Wall
You need to be a member of TriState Mixer: The Ultimate Real Estate Investment Club to add comments!
Join TriState Mixer: The Ultimate Real Estate Investment Club
- No comments yet!
Welcome to
TriState Mixer: The Ultimate Real Estate Investment Club
Policies and Regulations
Forum
Multi - Family investing
Started by Peter Eiseman in Investment Opportunities 5 hours ago.
2 Family Burned. Cheap Deal! 37,000 3 Replies
Started by Bruce Tauber in Investment Opportunities. Last reply by Michael Osias 6 hours ago.
Understanding the "Note Business" 2 Replies
Started by Mike Ruscica in Real Estate Discussion. Last reply by Alberto Artasanchez 6 hours ago.
How a Newbie Gets Started... 18 Replies
Started by Adam Ayer in Real Estate Discussion. Last reply by Michael Osias 14 hours ago.
Need hard money loan for rehab in Bergen County 2 Replies
Started by Eric Van Auken in Investment Opportunities. Last reply by Darin Gerow on Saturday.
8 Packaged Properties For Sale! Multi Units/Families $4 Million(New Jersey) 2 Replies
Started by Sara Kumar in Investment Opportunities. Last reply by Darin Gerow on Saturday.
Looking for wholesale mentor in Central NJ 8 Replies
Started by Nathaniel Mull in Real Estate Discussion. Last reply by Jayne Garner on Friday.
Not so great credit, seeking Hard Money for a deal (Do have 20% DP) 7 Replies
Started by Alfred Purcell in Investment Opportunities. Last reply by Alfred Purcell on Thursday.
Looking for Money Partner on Hot Deal in Somerset
Started by Corey Beckwith in Investment Opportunities on Thursday.
Selling a Short Sale to an FHA buyer
Started by Lafi A Siyam in Real Estate Discussion on Wednesday.
R. E. Attorney needed in NJ 4 Replies
Started by Corinne Faivre in Real Estate Discussion. Last reply by Corinne Faivre on Wednesday.
5 Unit Apt. Building in Easton, PA For Sale 4 Replies
Started by Sean Kiley &Jennifer Lauda/Kiley in Investment Opportunities. Last reply by Arleen Severino on Wednesday.
Irvington, 1 Fam 3BR/1BA Renovated, Great Deal! 1 Reply
Started by Shar Morton in Investment Opportunities. Last reply by Joel Kraut on Tuesday.
Brand New 25 Unit in Queens NY Prime Queens Location $4.9 Million. 1 Million Below Asking Price 2 Replies
Started by Sara Kumar in Investment Opportunities. Last reply by Joel Kraut on Tuesday.
FSBO house seller financing advice needed 5 Replies
Started by Bernard Hendricks in Investment Opportunities. Last reply by Joel Kraut on Tuesday.
© 2012 Created by TriState Mixer.
