Performance Anxiety: Creating A Fortune Investing In Non-Performing Real Estate Loans

Gordon's book Performance Anxiety is good for getting the VERY basics down of note buying and junior liens in particular. So if you knew nothing about the note business this book is very good to explain things.Since I am very familiar with buying notes and have purchased 1st position non-performing notes this book did not introduce anything new to me. I have wanted to get into 2nds for a while but I was expecting DETAILS on how to analyze a junior lien depending on what strategy I may be interested in. For example, I the property has equity and the 1st position is performing, then explain in detail how to conduct due diligence on the second. like how to pull credit reports what items may be of interest as to the type of 2nd, etc. Gordon alluded to these but did not got into a step by step process of how it was done.So if you are interested in understanding the basics. Buy the book. If you want an instruction guide on the system, then do not buy it.

Highly recommended!This is an outstanding book in a niche but highly profitable area. This book does a very good job of helping one get up to speed quickly. I found this book to be a great overview of the non-performing junior lien business (with more detailed explanations where required) with a great number of insights from an expert in the field. In particular, Mr. Moss focuses a large portion of the book on the "wake up" and "work out" process with the borrower because that is the most critical portion of the business. It is also the portion most unique to the junior lien business.As he explains, this is a high touch business meaning that it's a business built on developing relationships with note sellers and the non-performing borrower. What I found particularly insightful and extremely important is the paradigm shift required in this business because it is very different from the original 2nd note lender, the borrower and the first lien holder's perspective. As you read through this book, Mr. Moss reiterates that the proper perspective and attitude are everything.The book is written in a conversational style and easy to read with simple explanations. I read it on a 3 hour plane ride. In summary, if you're looking to get into the non-performing notes business, especially junior liens, then this definitely is the first book I would pick up.

This book was very informative about how to purchase notes and junior liens. The Author assumed that a person starting in this business did not want to accumulate Real Estate and wanted to just service the notes when they got performing again. Since my plan is to purchase notes in my hometown of 5 Million people there is a good chance that the transaction will go 3 ways. 1. I will foreclose on them. 2.They will sell me the house as long as I make there financial nightmare go away. 3. They will make monthly payments and I will re-sell the note as a performing note at a much higher rate down the line. Before buying non-performing notes and Junior liens it is highly recommended that you have a Real Estate Attorney to generate the paperwork you will need and to help you along the way. You will need an Attorney that is familiar with the type of transactions you are doing. I would recommend getting a referral from a Real Estate investment club. This book is a must read if you want to get into Note Buying and Junior liens!

This is a superbly written book! It is amazingly clear & feels like an in-person conversation with the author. Although I am a residential real estate broker, I had no interest in getting into the line of business discussed in this book, but I thought I'd read a few pages to learn a bit more. I ended up reading the entire book in an hour because it was so well constructed, so well written, & because it moved along so swiftly. I know Gordon Moss professionally through my real estate work & he is, in person, exactly as he speaks in this book - authentic, tactful, amazingly knowledgeable, good-natured, but softly very firm. It's no surprise he's been so successful & this gem of book shows exactly how he does it. Bravo Gordon! Note: This review is by Scott Peck (signed in as his wife, Shannon Peck).

Gordon's book and teachings have dramatically changed my life and inspired me to change my career to the field of nonperforming second mortgages. This book is a great introduction to how an average small-time investor can reap many of the benefits of real estate investing while mitigating the risks of tenants, toilets, and termites that are the plague of most rental property owners.You make your money when you buy and the steep discounts in this field give investors the room to negotiate win-win solutions for themselves and their borrowers. Banks take the all or nothing approach to their defaulted debt and refuse to apply logic or compassion to how they deal with borrowers, ultimately creating losses for those borrowers and themselves. This book is just an introduction to the field, but it's enough to show why nonperforming second loans are one of the greatest investing opportunities ever.

Bravo and MAJOR Kudos to Gordon Moss for providing a PHENOMENAL soup to nuts, A to Z book that's easy to read and comprehend about why NPNs are such a great investment, especially to build your self directed retirement accounts!Even if you have taken courses or already attended events on the Notes niche within real estate investing circles, this book does a great job of tying things together and filing in gaps in your knowledge.It was a great investment of my time to read this book so well written by a real world note investor! I highly recommend you grab it now & start reading!!!!

The majority of the content in this book can be easily found by doing a few Google searches on Note investing. Don't waste your money as the real point of the book is to get you to go to the guys website.If you know nothing about Note Investing then this can be good intro book which will give you a cursory understanding of investing in Notes. It's not a deep dive into Note Investing.