AIPIS 144 - Investing in Distressed Assets with American Home Recovery Fund's Marc Gold

Marc is the founding partner and managing director of both the American Home Recovery Fund and NoteWerx, the cutting-edge note portfolio management cloud ware. Marc brings over 20 years of senior management and transactional experience in the paper business of mortgage banking and real estate. Marc co-founded American Home Recovery Fund, a multi-million dollar private equity multi-fund, whose primary mission is to purchase NPLs and modify the current borrowers. With the expansion and success of the fund's business, AHRF developed their own note portfolio management platform, but when it became clear that their software filled a huge void in the note space, NoteWerx was born and turned into its own business channel. Marc also serves as president of American Home Veterans, a non-profit organization in formation to convert distressed housing assets into donation homes and provides sustainable housing for our nation's disabled veterans. Key Takeaways: [2:08] How the American Home Recovery Fund buys distressed assets but tries to keep people in their home [5:03] Why investors are crossing over into new territory when traditionally they've specialized [7:33] Why banks are selling the notes rather than collecting the money from borrowers themselves [9:32] Why banks haven't gotten more organized since the housing collapse [11:34] What kind of inventory is still available on the market [15:02] Great properties available in middle America [17:49] Where Marc sees the market going in the next few years [19:24] If the Dodd-Frank revisions have impacted his business Websites Mentioned: www.ahrfund.com www.note.guru