600%+ ROI from a Mortgage Note | How DJ Did It
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Background
DJ Olojo, author of The Foreclosure Fix and a valued member of the FIXnotes community, recently achieved an incredible success story in mortgage note investing. Using the resources and cherry-picked loan offerings from FIXnotes, DJ turned a distressed mortgage note into a profitable investment while helping a borrower get back on track.
But what exactly happened? Let’s break it down step by step in simple terms.
What is a Mortgage Note?
A mortgage note is like an IOU tied to a home loan. When someone buys a house and borrows money to do it, they sign a note promising to pay back the loan. Investors like DJ can buy these notes from lenders—sometimes at a discount if the borrower has fallen behind on payments. This allows investors to step in, help resolve the situation, and potentially earn a profit.
The Opportunity
DJ Olojo purchased a distressed mortgage note from FIXnotes for $33,621. The borrower, who was behind on payments, still wanted to keep their home. This is where DJ’s resolution-oriented approach made all the difference.
The Resolution
Rather than foreclosing on the property, DJ worked with the borrower to create a solution. After open communication, the borrower agreed to a plan:
– They paid $6,500 as a down payment to catch up on missed payments.
– They committed to a new payment schedule, making the loan “reperforming” (essentially, they started paying on time again).
This outcome was a win-win:
1. For the borrower: They got to stay in their home and restore their financial stability.
2. For DJ: The value of the note increased significantly now that it was reperforming.
The Exit
Once the loan became reperforming, DJ sold it to another investor for $49,291. By selling the note at this higher value, DJ unlocked the profit from the deal.
The Numbers
Here’s how it all added up:
• Initial Investment: $33,621 (cost of the note).
• Income: $6,500 down payment from the borrower + $49,291 from selling the note.
• Total Income: $55,791.
• Net Profit: $22,170 (income minus the initial investment).
• Return on Investment: An incredible 624% internal rate of return (IRR).
Why This Matters
This case shows how mortgage note investing isn’t just about making money—it’s also about creating positive outcomes for everyone involved. By choosing to work with the borrower instead of forcing foreclosure, DJ:
– Helped a family stay in their home.
– Turned a distressed note into a profitable asset.
– Created an excellent investment opportunity for the next buyer.
Takeaways for Aspiring Investors
DJ’s success was made possible by:
1. Accessing High-Quality Notes: FIXnotes provided DJ with a cherry-picked opportunity that had the potential for strong returns.
2. Being Resolution-Oriented: Working with borrowers is often more profitable (and humane) than pursuing foreclosure.
3. Using a Community of Experts: As a FIXnotes member, DJ leveraged tools, education, and support to execute a winning strategy.
Your Turn to Succeed
If you’re looking to replicate DJ’s success, FIXnotes can help. Whether you’re an experienced investor or just getting started, our tools and resources can help you identify opportunities, build your skills, and achieve your financial goals.
Reach out to learn more about FIXnotes and how you can start building wealth through mortgage note investing!
KEYWORDS
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