Paige Panzarello Lending Deal

 

Paige Panzarello Lending Deal

Tricoma Trust in Grand Rapids, MI

This was a non-performing note that I was able to work with the borrower and help him to re-perform. He has paid on time for 9 months. I now have a monthly cash flow without the headache of tenants and toilets. I also bought this note at a discount because it was non-performing, thereby building equity and mitigating my risk. The purchase price was $29,100, and the current unpaid principal balance is $43,257, so I forced appreciation in the amount of $14,157 that will still be paid as profit to me if he refinances or pays off his loan, in addition to the interest that is being amortized over 360 months.

Lending Details


* These examples depicting income or earnings are NOT to be interpreted as common, typical, expected, or normal for an average student. Although we have numerous documented successful deals from our coaching students, we cannot track all of our students’ results, and therefore cannot provide a typical result. You should assume that the average person makes little to no money or could lose money as there is work and risk associated with investing in real estate. The students depicted have participated in advanced FortuneBuilders’ training and coaching. The participants shown are not paid for their stories; however, some of the students depicted may also be a FortuneBuilders' coach, and our coaches are compensated for their services. We believe in full transparency, so please read our Earnings and Income Disclaimers and Terms of Use.



Case Study

How did the FortuneBuilders team and resources help you to accomplish this deal?

Fortune Builders Passive Income Club helped me to recognize the importance of passive income and what a value it is to my portfolio and to my life.