99% of real estate investors invest on the equity side. Debt investing is a different ballgame that can be just as profitable with just a fraction of the headache
New York,NY (PRWEB) November 29, 2012
As foreclosures continue and individuals seek attractive income investment opportunities to bolster their portfolios New York based Apollo Financial Group promotes the advantages of investing in mortgage notes at a new seminar.
With a housing recovery underway real estate has once again quickly become one of the hottest and most talked about investment sectors. However, increased competition in the residential space, including several billion dollar private equity funds moving in to acquire distressed properties and convert them to rentals has dramatically reduced the availability of bank owned REOs and increased the bidding frenzy at foreclosure auctions according to reports by Bloomberg.
What many average Americans and investors may not realize is that there is a far larger pool of distressed debt and non-performing mortgage loans out there, than there are REOs. According to the numbers released by 7,249 U.S. banks at the end of the 3rd quarter they held just over $8.7 billion in REOs. In contrast, these financial institutions also revealed they currently have over $246 billion in late and non-performing residential loans on their books which are 30 to over 90 days delinquent.
On the firm’s website Apollo Financial Group reports that it has been able to “cherry pick from this pool of default loans to achieve superior returns”. The premise is that while there are many exit strategies for note buyers, many of these borrowers want to fix their situation and keep their homes. This provides an opportunity for income investors to enjoy steady streams of passive income, while helping the banks to shed distressed debt and enabling homeowners to keep their homes through loan modifications.
This is clearly a new concept for many investors. Dean Anastos, CEO at Apollo Financial Group says, “99% of real estate investors invest on the equity side. Debt investing is a different ballgame that can be just as profitable with just a fraction of the headache.”
Note investing has been a growing trend since the housing crisis began but few individuals truly understand how it works or what makes a sound and profitable investment. This is exactly why Apollo Financial Group decided to launch the upcoming National Note Seminar in Las Vegas.
The event being held at the Aria Resort & Casino on December 2nd aims to educate more investors on the advantages of distressed debt investing through mortgage notes and share the strategies of profitable investing which have contributed to Apollo’s success.
Additionally, on December 1, Ricky Brava, senior partner at Apollo Financial Group has also been invited to speak as one of the main speakers at the Hard Money Pitbull Conference. Ricky Brava specializes in turning a non performing asset into a performing one and will discuss the features of this form of alternate investing to the sophisticated group of individuals who attend Leonard Rosen's annual event.
For those desiring more information on the event in Las Vegas or note buying Apollo Financial Group can be found on the web at http://apollofinancialgrp.com/.