How To Invest in Debt: A Complete Guide to Alternative Opportunities

by Michael Pellegrino

Overview

With this nuts-and-bolts guide, savvy and novice investors can profit from personal and corporate debt, including municipal tax liens, defaulted credit card debt, discount promissory notes, mortgage foreclosures, and micro loans.

Anyone can participate in these investments, but not all of these options are as easy as calling a broker – they require some legwork and research – so many of these opportunities often go untapped.

While there are many books on alternative investment ideas, none provide this level of practical information and advice. How To Invest in Debt provides everything readers need to capitalize on these investments. Readers will discover:

• How to find and purchase debt at a deep discount
• How to do effective due diligence and pick the ones that are most likely to pay off
• How to collect debt, and the secrets to making short-term high interest loans
• Buying future streams of cash flow
• Overcoming what could go wrong before it happens
• And much more.

Dozens of charts, table, forms, spreadsheets, and diagrams empower readers to get started right away, with all the tools they will need to collect and analyze data and pursue the most profitable opportunities.

How To Invest in Debt shows that if you're willing to do the work, you can profit from debt.

Product Details

ISBN-13:	9781510715196
Publisher:	Skyhorse
Publication date:	05/16/2017
Pages:	184
Sales rank:	534,095
Product dimensions:	7.00(w) x 9.80(h) x 0.70(d)
Age Range:	18 Years

About the Author

Michael Pellegrino, Esq. has more than twenty years of experience in buying defaulted credit card debt and has earned several million dollars in profits. Pellegrino is a New Jersey attorney who has focused his law practice on municipal tax liens and related litigation. He has foreclosed thousands of tax liens for private investors and municipalities, and he has handled several landmark tax lien cases. He is the author of several books including Tax Lien$. He lives in Westwood, New Jersey.

Table of Contents

Introduction: Debt Is Rampant-Let's Make Money ix

1 Tax Liens & Tax Deeds: Make Money by Paying Other People's Taxes 1

2 Peer-to-Peer Lending: Making Small Unsecured Loans 21

3 Credit Card Debt: Buying and Collecting Defaulted Credit Card Debt 41

4 Defaulted Notes: Buying Defaulted Mortgage Notes 57

5 Performing Notes: Buying Mortgage Notes at a Discount 69

6 Sheriff's Sales: Buying Properties at Foreclosure Sales 81

7 "White Knight" Rescues & Short Sales: Buying Preforeclosure Properties 103

8 REO & Seized Assets: Buying Foreclosed Property from Banks 113

9 Life Settlements and Viaticals: Buying Life Insurance Benefits 119

10 Mortgage-Backed Securities: Ginnie Mae, Fannie Mae, & Freddie Mac 135

11 Morality of Investing in Debt 147

12 True Story! 151

In Conclusion… 161

Appendix: Due Diligence Checklists 164

About the Author 166

Editorial Reviews

"Mike Pellegrino has been a leading tax lien attorney for many years, and he's been my go-to person for tax lien foreclosures in New Jersey. Now with this book, Mike has provided a clear and concise introduction to tax lien investing as well as other types of debt investments. This book is a must-read for anyone interested in alternative investments." —Joanne Musa, TaxLienLady.com

"An excellent manual on investing in debt. Mike clearly explains the pros and cons of these 'well-kept secrets.' I wish this book had been available for myself and my clients years ago. Each chapter provides a complete and clear instruction to relatively unknown ways to acquire distressed assets and below-market cost." —Art Matuschat, RealtyFundConnect.com, NewJerseyRealtySolutions.com

"This book is required reading for anyone who wants to get started investing in debt. The chapters on buying notes provide a clear nuts-and-bolts guide to buying defaulted and performing notes." —W. Eddie Speed, founder NoteSchool.com, president, Colonial Funding Group, LLC

"Peer-to-peer lending has fueled a tremendous amount of innovation in online lending. This book provides a great introduction to this fertile opportunity. Anyone interested in fintech and entrepreneurship would benefit from getting a good, clear base in it from this book." —George Alex Popescu, editor in chief, Lending-Times.com

"Mike Pellegrino has been a leading tax lien attorney for many years, and he's been my go-to person for tax lien foreclosures in New Jersey. Now with this book, Mike has provided a clear and concise introduction to tax lien investing as well as other types of debt investments. This book is a must-read for anyone interested in alternative investments." —Joanne Musa, TaxLienLady.com

From the Publisher