Michael Morrongiello

Michael Morrongiello

"Michael has been involved over the years in the purchase of thousands of seller financed real estate loans in every state in the Union and knows what crucial skills must be mastered in order to succeed with discounted paper. His expertise, candor, and ability to quickly size up and analyze financing options that surround existing and proposed transactions make his companies services invaluable to the Real Estate & Note community. Sunvest is a nationwide portfolio investor in Real Estate secured paper. For more information you may contact Michael at the offices of Sunvest International,Inc.. located at: 255 W. Napa St., Ste H, Sonoma, CA 95476 or by phone # 707-939-9450 or e-mail; [email protected]"

    Michael Morrongiello's Articles

    • What’s Your Game Plan?

      I recently had the pleasure of attending a local real estate investors group meeting and listening to a tax accountant discuss his real estate investment strategies. In addition to sharing with the group different tax angles he made a most profound statement that he asked to all of us in the room. He asked us to answer this question; What is your “game plan” for the property?If you’re investing in Real Estate whether the contemplated investment property involved is a condo, a single family home, a multi family rental building, land, or a commercial use property, when you intend to…

    • Ten Simple Steps to Buying Bank Notes

      As the real estate market slow down continues, and with foreclosures on the rise in most of the country, lenders are finding themselves overwhelmed with many sub-performing and non-performing loans.Many lenders are willing to consider a “short sale” where the lender will accept something far less than what is actually owed to them. However, actually owning the debt instrument itself (the promissory note) may be more useful for the savvy investor.So, what are “sub-performing” and “non-performing” loans?Sub-performing loansOften called a “high maintenance” account–that is an account that requires a tremendous amount collection effort in order to reason, cajole, harangue, and…

    • Now I Know My A, B, C’s

      Today’s discount note marketplace along with the involvement over the last few years of a variety of new investors has created underwriting criteria and philosophy which crossover in similarities to mortgage loan origination companies. Learning the mortgage industry “alphabet” as it relates to credit grading and acquiring a good fundamental grasp of how to interpret payor / borrower credit profiles is imperative in sizing up a particular file.Most credit accounts are paid either as an ( I ) installment account or a ( R ) revolving account. Installment accounts are obligations that have the same monthly payment amount each and…

    • Let’s Connect the Dot’s

      The Five “F’s” for Real Estate & Paper InvestorsAs children we’ve all played a fun game called “connect the dot’s” where we draw a line linking one dot to another dot until a clear picture comes into focus as it is formed. With Real Estate as an investment vehicle there are many opportune ways to create profits. If you are investing in Real Estate one quintessential strategy is to “buy low, then sell high” properties to create cash profits. Selling properties by offering owner financing is one of the fastest ways to attract potential buyers, obtain top dollar, and move…

    • Estoppel – Is Balance Verification Important?

      Whether you are purchasing an existing seller held Real Estate secured instrument such as a mortgage, trust deed, land contract, etc., for your own portfolio or attempting to broker it to an investor When one purchases such an instrument you should realize that the actual outstanding balance owed on the instrument may vary depending on what the Note holders (payees) tell you as oppose to what the Note makers (or payors) feels is representative of their balance owing.Depending on the degree of discrepancy if any that may exist between what the Note holders and Note makers feel is an accurate…

    • Creating Marketable Notes

      The day has come when savvy entrepreneurs, investors, rehabbers, FSBO’s, Realtors, and other Real Property owners have come to the realization that they can sell their properties faster by offering owner financing and still get to a cash position. The advent and acceptance of what often is referred to as a ‘simultaneous closings” where a property is sold and the private seller financed note is also simultaneously sold to coincide with the sale of the property has become an integral way that many note deals get done these days.I am often asked how can I structure these types of deals…

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