Magpie Investments

02/15/2023

BK13 filings, what should we expect this year?

Article from DSNews. During Covid and the 2008 crash, modifications and forbearances were heavily used to avoid foreclosure. In the crash, keeping people in their homes was paramount, as there was already a glut of houses sitting vacant and new loans were hard to come by. With the current housing ma...

02/08/2023

Are tiny homes the future? And how do notes fit in? I talk about it in my inaugural Magpie news post.
https://www.magpiepi.com/post/are-tiny-homes-the-future

02/01/2023

Most profitable asset to date. Check out the story at
https://www.magpiepi.com/post/case-study-lease-option-in-ca

05/16/2022

https://www.magpiepi.com/post/case-study-sfr-in-san-antonio-tx

04/25/2022

Very excited to have this woman as our fearless leader.

So honored to have received the Outstanding Leadership Award at the Money 2.0 Conference in Las Vegas this past month. Starting and growing a business...

02/22/2022

I am honored to have been a guest on Doug Clark's podcast, The Gentle Art of Crushing It. It was great fun, and I appreciate the opportunity! Please have a listen!

I had the pleasure of interviewing Alecia Bolton and I am excited for you to hear what she has to say about success and Note investing! Alecia has been a re...

10/27/2021

09/07/2021

It's auction day!

08/18/2021

Case Study: Lease Option in MI

Story: Purchased lease option in June 2020. The lease option was set to expire in February 2021 (10mo of payments). Yes, you can buy lease option paper. They had not missed a payment and my plan was to have them exercise the lease option with outside financing and pay me off. Which is exactly what happened, just a few months late.

They did decide to exercise the lease option and had already started talking to banks to finance the sale when I reached out in December. For whatever reason, it took them until July to finally close with the new lender and pay me off.

Final numbers:
Total Expenses including acquisition: $38,038
Total Rent Income: $6,100
Payoff Amount: $44,797
Total Income: $50,900
CoC: 133.64%
ROI: 33.64%
Annualized ROI: 29.95%
Hold time: 13 months

07/12/2021

When you're stalking the UPS website because they have a big old check for you.
(asset closed, case study to follow)

07/08/2021

Case Study: The note that started it all - land in WA
This is the note that started me down the path of mortgage note investing. It's a performing note, and I'll keep it until it's paid off.

Story: Bought vacant land at a tax deed sale in November 2018. I was experimenting with different strategies for investing. The plan was to get the plans approved to build a good size house and garage on the lot. It was a 2 acre parcel, about 1 acre buildable, and it was land-locked (no recorded easement). You could access it from the end of a private driveway.

The house with the private driveway was in the process of being flipped, and new owners moved in, and started using my lot as a parking lot and storage. I reached out to the new owners, and asked if they were interested in expanding their property by 2 acres. If they weren't, we'd sell to a developer and they're rural feel would disappear. They bought the land in January 2000 with owner financing. It has been happily performing every since.

Numbers:
Total Expenses to purchase land and sell: $23,708.88
Sale Price: $40,000 (FMV close to $70k)
Financing Terms:
$5,000 down payment
5 years with balloon
6% interest
Annual Income: $4,668
Yield: 17.76%
ROI (at balloon): 87%
Hold Time: 6 years