What Kinds Of Notes Are You Looking For?

[Christopher Winkler]

As a wholesaler of notes backed by real estate, we are frequently asked to look at one or hundreds of notes for sale. Then when presented to investors, they tell me they don't like them, have seen them before, they don't deal with broker daisy chains, won't show proof of funds, won't sign NDNC's, or that it does not fit their criteria.

I can distill down there are two types of investors, individual and entities, that are looking for either performing, or non-performing notes, in either senior or junior position. That's the easy part; the hard part is separating the wheat from the chaff.

The question I want to put out to the note buyers, or potential note buyers in the community is what kind of notes are you looking for?

• What kinds of prices will you pay on the UPB?
• What seniority level are you looking for?
• What kind of return or yield are you looking for?
• What's your desired time frame, 10 years, 20 years, 30 years?
• What states do you want to invest in?
• What states do you want to avoid?
• How dirty do you want to get? Do you want passive, performing notes, or will you do the work to make them performing, or do you want to go straight to foreclosure to fix & flip?
• Am I asking too much for POF?
• Is a NDNC asking too much?

I appreciate any and all replies to help me on my journey…

Thanks in advance,

Chris Winkler