EP173 How to Acquire REO's and Foreclosures before they hit the market by Purchasing The Note with Wylea Griggs

EP173 How to Acquire REO's and Foreclosures before they hit the market by Purchasing The Note with Wylea Griggs

Today we're going to talk about an asset-class that I love: Performing & Non-Performing Notes. Notes are the underlying contract or mortgage that a home-owner is paying on, or sometimes not paying on. Whether they're performing or non-performing, notes can offer a lucrative opportunity to make money and help distressed homeowners in the process.

Wylea Griggs, the owner of Eleesee Solutions, LLC, is a local Grand Rapids investor who has been purchasing non-performing notes. Today she is going to walk us through three of her recent deals and show us how she was able to make 30 to 60% returns, while helping several homeowners get past some difficult setbacks and get current with their mortgage payments.

Wylea also hosts a local meet up group: "Grand Rapids Note Closers - Wine & Notes for Self Directed IRA Real Estate Investors". They'll be meeting this Wednesday, May 8th, from 6 to 9pm at the Cascade Winery, 4665 Broadmoor, Kentwood, MI 49512.

I know you're going to enjoy hearing Wylea's story of how she got started investing in real estate and ended up realizing the benefits of investing in notes. You can contact her by phone, email, or her website:

616-329-5955

eleeseesolutions@yahoo.com

www.eleeseesolutions.com

Jaksot(592)

Steve Brown Keynote Preview: The State Of AI And What It Means For Your Business—MREIC 2026

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MREIC 2026 Speaker Spotlight: Paul Moore—The Boring Investor: Build Real Estate Wealth Without Drama

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Finding Hidden Value Through Hyper-Local Investing and Relentless Curiosity with Dr. Jordan Romano

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9 Maalis 31min

MREIC 2026 Speaker Spotlight: John Burley—Raise Capital for Your Next Deal Like a Pro

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5 Maalis 12min

When Good Deals Go Bad: Real Stories From Experienced Investors

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Every real estate investor has at least one deal they would redo if given the chance. Some teach expensive lessons. Others leave scars. In this episode, Brian Hamrick shares a live panel recording fro...

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Rebuilding After Losing $50 Million: Rod Khleif on Mindset, Wealth, and the Future of Real Estate

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How do you come back after losing $50 million — and build it all back stronger? In this episode, Rod Khleif, multifamily investor, mentor to thousands, and host of one of the world's top real estate p...

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The Hidden Financial Tool Every Real Estate Investor Should Know: Surety Bonds with Gary Eastman

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Most real estate investors have never heard of surety bonds, yet these little-known financial tools can determine whether a project finishes on time—or falls apart. In this episode, Brian Hamrick talk...

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Why Distressed Office and Retail Could Be the Smartest Real Estate Play of 2026, with Scott Sherman

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Billions of dollars in office and retail buildings are trading at deep discounts right now. While most investors see risk, Scott Sherman, Founder and Principal of Torose Equities, sees opportunity. Sc...

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