There are many websites where you can buy notes from others.
There are quite a few places where you can buy notes online. FCI, loanmls, PPR, notesdirect etc. Just to name a few. Welcome.
What are you looking for ? Performing /non performing etc. are you looking for 1sts or 2nd’s ?
You can buy off those exchanges but you will pay retail for them. Best to start to network and build relationships with people and you will begin to buy higher up the food chain.
It does truly depend on whether you are looking to be a note investor or looking to buy one or two for yourseld
I think I'd like to get my feet wet with some performing notes. Ideally, I'd love to get into non-performing as I realize there is more potential there for profit. When I say I'm hoping to buy a few to help cover some costs, that's just to get me started. The end goal is have enough notes and rentals to live off of the passive income and then flip or wholesale as I find the right deals.
My reason for starting with notes is to cast my line in the biggest pond and get some deals under my belt. Perhaps nationwide renting is actually the biggest pond, but I'd prefer to stay in my area until later down the road with rentals. Especially since I live in a town that has 3 colleges in it - including one that has grown by thousands of students over the last 10 years (Liberty University) and continues to do so (currently at 15,000 students on campus).
@Robert Fisher . I've been in real estate for the past 15 years and you mentioned you live in a town with 3 colleges in it. Wow, that would make me salivate all day long. I'd forget notes and go for college rentals. Your ROI is going to be much higher and more benefits than notes. Just my opinion.
@Kevin Felmlee Ideally, I'd like to get there because of the gold mine I'm sitting on, but I don't have the personal funds (or have any investors) at this point to break into the market.
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