Explore more opportunities from mortgage note investing as James Maffuccio gives us extra knowledge on how it works and how buying non-performing second mortgages allowed him to create a win-win outcome for businesses, lenders, and homeowners.

Key Takeaways To Listen For

• Why you should pursue your passion in real estate
• Mortgage note: How it works and how to sell it 
• 2 primary ways for the borrower to pay a mortgage
• What is the initial holding period on this fund
• Pros and cons of investing in mortgage notes
• Tips to learn how to invest in mortgage notes

Resources Mentioned In This Episode
Free Apartment Syndication Due Diligence Checklist for Passive Investor

About James Maffuccio 

Mr. Maffuccio is a 30-year real estate veteran and an expert in mortgage notes. He is deeply networked in the secondary mortgage industry and is responsible for acquisitions and underwriting as well as relationships with primary sources and key vendors. 

From 1986 to present, Mr. Maffuccio has been engaged full time in the real estate development and investment industry. In addition, he has overseen several hundred purchases, sales, and/or financing transactions, and has been a licensed real estate agent since 1985. During his real estate career, Mr. Maffuccio developed, and/or rehabbed multiple residential projects in Southern California, including infill subdivisions, affordable homes, luxury homes and homesites, multifamily, and planned developments, such as the Gold Nugget Award-winning “Traditions” community in Fillmore. Mr. Maffuccio has personally executed and/or managed every aspect of the development process, including site selection and acquisition, project conceptualization and design, procurement of entitlements and permits, regulatory compliance, entity structuring and capitalization, construction management, marketing, sales, and investor relations.

In 2009, Mr. Maffuccio began investing in mortgage loans, developing key sources and vendors and applying his extensive real estate experience to the note investment space. In 2012 Maffuccio co-founded Aspen Funds, a fund management company focused on mortgage investments.

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