1d • Acquisitions 🛍️
📣 Introducing: The Pricing Game!
This is how you train your pricing instincts without risking real money.
Your job: guess the final sale price as closely as possible.
Most new investors struggle with one thing: “What do notes actually trade for?”
This game compresses years of deal exposure into minutes.
You'll learn to:
• Price notes realistically
• Understand how equity actually gets discounted
• Start thinking like a buyer
How to Play (Simple):
1. Review the deal data below
2. Comment with your best guess for the final sale price
3. Optional: add 1–2 sentences explaining your logic
4. Closest guess wins the round
📂 Today’s Deal: a REAL Closed Transaction
Asset Type: Charged-Off, Non-Performing 2nd Mortgage HELOC (Junior Lien, NPL)
Sale Date: 12/26/2023
Property Type: Single Family Home
Location: Fort Washington, MD 20744 - Prince George’s County
Property Fair Market Value: $424,500
1st Mortgage Payoff (Current Senior Lien): $175,608.46
2nd Mortgage (Unpaid Principal Balance, "UPB"): $60,449.90
Status Notes:
• Subject asset is a Non-Performing Junior Lien
• Charged off by the bank on 11/02/2022
• Subject Junior lien is behind a Current Senior (1st mortgage)
• Sold to a member of the Mastermind Accelerator on 12/26/2023 in a package of 3 assets
What do you think this note actually sold for?
Leave you guess down below!
5
19 comments
📣 Introducing: The Pricing Game!
skool.com/fixnotes
The nationwide network for mortgage note investing: learn the best (and under-the-radar) way to profit from Distressed & Cash-Flowing Real Estate.
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