New York, NY (PRWEB) August 26, 2013
Note experts from Apollo Financial Group have announced an additional date in NY for their national seminar series. Following an incredibly successful event in the city on August 6th, and due to high local demand Apollo will be holding a second event this month. On August 28th, 2013 investors will have the opportunity to hear directly from the firm’s senior partner, Ricky Brava.
Over the last year, experts from Apollo Financial Group have hosted and spoken at real estate events around the U.S. from Las Vegas to Miami and on their own home turf in NYC.
Investing in non-performing notes has increased in popularity over the last two years. Now, even the largest hedge funds and private equity funds are following Apollo’s lead, and are moving into this sector versus converting foreclosure homes into rentals according to Bloomberg.
Ricky Brava, who was voted onto the Board of Managers for the Long Island City YMCA as of May 24th, 2013, and has lectured at the Los Angeles MENSA Society highlights some of the benefits of note investing as including:
On why he personally loves investing in notes Mr. Brava explains “If you purchase a $150,000 mortgage for $65,000 backed by a property worth $100,000 in today’s market, you are still owed $150,000 in addition to interest accruing daily."
Another powerful reason more are considering buying mortgage notes from banks is that the discounts can be much larger. As of the end of the 2nd quarter 2013 U.S. banks reported a gigantic pool of delinquent mortgage loans on their books. These tens of billions in distressed debt make the current pool of REOs being held appear insignificant. The means less competition among notes and so more weight in negotiations.
While the note buying seminars do cover both intelligent due diligence when evaluating investment opportunities and going over live deals Apollo Financial Group’s CEO, Dean Anastos is clear that these events are not about selling workshops, mentor programs, courses or DVDs, which is a refreshing change from what many seminar have evolved into.
For more information on the upcoming event on August 28th visit the investment firm on the web at http://apollofinancialgrp.com