BawldGuy audio with Jeff Brown and our guest Dave VanHorn.

Topics:

1. Are there note investors who love 1st position notes but still acquire the occasional 2nd or non-performing note?

2. How do the fund investors themselves benefit from the fund managers including a few non-1st position notes?

3. The note investor’s LTV, based on note face value/purchase price.

4. Is there any other reason to buy a non-performing note than to ‘rehabilitate’ it back to performing?