SA489 | The Potentiality of Investing in Mortgages and Distressed Assets with Jorge Newbery

28:01
 
Share
 

Manage episode 336316440 series 2798164
By Seyla and Aileen Prak and Aileen Prak. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Today, another guest proves that resiliency plays a significant role in your success in the business! Jorge Newbery shares how he persevered despite massive losses on his investments, his motivation to shift into a new business strategy of buying mortgages, and the importance of pivoting to keep going. This episode offers a more profound understanding of buying mortgages and the hidden opportunities from underperforming assets, so be sure to listen in.

Key Takeaways to Listen for

  • preREO: Its value in the mortgage industry and how it helps investors
  • Things you should know about filing insurance claims for investment damages caused by a natural disaster
  • Why real estate is still a worthwhile investment despite its ups and downs
  • How to reduce risks of buying mortgages and distressed properties
  • Business structure and investor returns of buying mortgage notes
  • The key to sustainable success in real estate and life in general

Resources Mentioned in This Episode
Free Apartment Syndication Due Diligence Checklist for Passive Investor

About Jorge Newbery

Jorge Newbery founded preREO with the goal of bringing stability to neighborhoods challenged by the blight of vacant homes with more than 30 years’ experience in distressed-asset management and borrower advocacy. Through his writing and live educational events, he empowers agents and investors to revitalize their communities while creating financial gains for themselves. Throughout his career, Newbery has utilized optimism and resilience to discover opportunity in adversity, founding numerous enterprises including the American Homeowner

Preservation, the country’s first crowdfunded distressed mortgage investment platform and Activist Legal, a law firm facilitating default legal services. His autobiography “Burn Zones’’ offers lessons learned through his challenges and successes as an entrepreneur.

Connect with Jorge

To Connect With Us

Please visit our website: www.bonavestcapital.com and please click here, to leave a rating and review!

Sponsors

Grow Your Show, LLC

Thinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?
Visit
GrowYourShow.com and Schedule a call with Adam A. Adams.

580 episodes