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BIGGEST RISK with Eddie Speed
Manage episode 489236698 series 1404037
J Darrin Gross
I'd like to ask you. Eddie Speed, what is the BIGGEST RISK?
Eddie Speed
Losing my money and losing my money means that I bought a note and I don't get enough recovery to go pay off my investment and still make a yield. So that could be that that could relate to non performing notes. Performing notes, it does everything down the line. It's like at the end of the day. That is why I like buying first mortgages with a cushion between what the collateral is worth and what I invested in the note. And that's the simplest form to say at the end of the day. That's my safety net, that cushion between what the collateral is worth and what my investment is in that note.
213 episodes
Manage episode 489236698 series 1404037
J Darrin Gross
I'd like to ask you. Eddie Speed, what is the BIGGEST RISK?
Eddie Speed
Losing my money and losing my money means that I bought a note and I don't get enough recovery to go pay off my investment and still make a yield. So that could be that that could relate to non performing notes. Performing notes, it does everything down the line. It's like at the end of the day. That is why I like buying first mortgages with a cushion between what the collateral is worth and what I invested in the note. And that's the simplest form to say at the end of the day. That's my safety net, that cushion between what the collateral is worth and what my investment is in that note.
213 episodes
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