Note Mba

Doing an interview while at the NoteWorthy East Summit in Newark, NJ, Chase and Robby take some time out to interview Fuquan Bilal from National Note Group (NNG). Fuquan has a great background in 2nds, something that Chase and Robby will openly admit to only knowing enough about to get themselves in trouble. Fuquan has been buying 2nds fulltime for the last three and a half years, as part of his 15 years focused on real estate investment. “If you want to get drunk of yields, go into seconds!” We really like how Fuquan says that when buying 2nds it gives you an “option” on a property for a small amount. During the course of the interview Fuquan hits on a soft spot with the NoteMBA crew, which is that National Note Group doesn’t sell loans they don’t have complete collateral files on. Highlighting one of the largest outstanding issues in the marketplace for a retail investor. If there isn’t a good collateral file, you shouldn’t be buying the loan. As a due diligence nugget, Fuquan hits on the fact that when i