EP121: Bidding On UPB or the Total Payoff - When To Do Each

In this episode, we dive into the nuances of bidding on UPB (Unpaid Principal Balance) versus the Total Payoff when dealing with performing and non-performing assets.Join hosts Rick Allen and Brett Burky as they discuss bidding strategies in real estate note investing, focusing on whether to base bids on the outstanding balance or the total payoff.They explain how it depends on the deal, the asset's performance, and the investor's goals. Rick and Brett highlight the importance of analyzing each asset and considering individual circumstances when determining bid strategies. They highlight the importance of carefully verifying amounts when bidding based on the total payoff, emphasizing the need for a thorough analysis to make well-informed decisions.__________________________________Chapters: 0:00 Intro0:20 Getting Ready for the Holidays0:36 Market Dynamics During Holidays1:00 Bidding Strategies in December3:39 Bidding Over Total Payoff5:55 - Bidding on Total Payoff vs. UPB9:08 - When to Bid on Total Payoff11:12 - Non-Performing Loans and Total Payoff13:00 - Bidding on Performing Assets15:23 Wrapping Up and Holiday PlansWhether you're a seasoned investor or just starting in the note business, this episode provides valuable insights into making informed bidding decisions. Don't miss out – hit play now and enhance your note investing strategy! 📈💡✨ Happy Holidays from Paperstac! 🎄🎁➤ Don't forget to like, comment, and subscribe to our channel for more captivating content on mortgage notes and real estate investing.SUBSCRIBE HERE: 👇  👉https://pstac.co/subscribe_on_youtube 👈🎬 Share this video: https://youtu.be/fAqZ0bTAoAI_______________________________________________________Key Takeaways for Successful Bidding Strategies:- Flexibility in Bidding Strategies: Bidding strategies are not a one-size-fits-all; they pivot on the specifics of each deal and the investor's objectives.- Asset Analysis is Paramount: Every asset deserves a thorough analysis to tailor bidding strategies and achieve optimal outcomes.- Performing vs. Non-Performing Loans: Distinguish between performing and non-performing loans and align bid strategies with your specific investment theses.- Personal Relationships Matter: Personal connections and borrower knowledge can play a pivotal role in influencing bidding decisions.- Tailor Calculations for ROI: Bid calculations should be tailored to align with desired Return on Investment (ROI) goals.- Strategic Bidding for Competitiveness: To stay competitive, it's crucial to infuse thought and strategy into every bid, adapting to market dynamics._______________________________________________________🎧 Listen to Previous Episodes:https://youtu.be/jm9sCBeH9xw  https://youtu.be/2FgR6B8kbGIhttps://youtu.be/IpSJ_UVIU6Yhttps://youtu.be/3rkn7RZ33cU🌐 Connect with Paperstac:Website: https://paperstac.com/ ______________________________________Follow Us On These Platforms:👇➤ Facebook: https://pstac.co/facebook➤ Linkedin: https://pstac.co/linkedin➤ Twitter:  https://pstac.co/twitter➤ TikTok: https://pstac.co/tiktok➤ Instagram: https://pstac.co/instagram➤ LinkedIn Paperstac Newsletter: https://www.linkedin.com/newsletters/7061367477401702401/ _______________________________________________________📚 NOTE INVESTING EDUCATION:Looking for further education on note investing? 👇Explore the Paperstac Academy: ➤ https://pstac.co/academy A mortgage note investing course designed to help you go from beginner to purchasing your first note.📒 FREE Note Investing Guides: 👇➤ https://marketing.paperstac.com/guides_______________________________________________🔊 SPEAKFollow Us On These Platforms:👇Facebook: https://pstac.co/facebookLinkedin: https://pstac.co/linkedinTwitter:  https://pstac.co/twitterTikTok: ...