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Updated about 15 years ago on . Most recent reply

Randal McLeaird's profile image
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Randal McLeaird
  • from San Antonio, Texas
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Randal McLeaird
  • from San Antonio, Texas
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Randal McLeaird
  • San Antonio, TX
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Starting Out

Buying Notes

Randal McLeaird
  • San Antonio, TX
Posted

I've been buying properties to rehab for a while now and I'm hearing a lot about buying notes and how I can get great deals buying notes at a discount.

Can anyone point me to an information source (inexpensive if possible) on the basics of buying notes.

Thanks in advance

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Don Konipol
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Don Konipol
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Don Konipol
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  • The Woodlands, TX
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Don Konipol
#4 All Forums Contributor
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  • The Woodlands, TX
Replied

Another but similar alternative would be to lend private money in a first lein position at low LTVs on property you wouldn't mind owning. If the note pays off you earn prox 18+% annually; if the note defaults you end up with the property at a large discount.

  • Don Konipol
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