Updated over 7 years ago on . Most recent reply
Help - Note Investing 101
Can anyone help with some Note Investion 101? I’ve been reading and listening though I feel like there are not a WHOLE lot of resources out there.
Step 1: I have identified a performing note that looks interesting over on LoanMLS.
Selling Price: $41,660
Loan Interest Rate: 9%
LTV: 46.8%
Payment: $1,000
Loan Balance: $78,600
Property Value: $89,000
What is Step 2? I'm guessing I need to pull some comps and get an idea of property condition, ARV? What else?
I know ...there’s a lot more. So a good next step or resources would be much appreciated!