How Are You Adjusting Your Strategy for Seasoned Performing Notes?

[Richard Dickson]

I’ve been spending more time lately sourcing and analyzing 1st position performing residential notes (1–4 units) with at least 12 months of seasoning. With the market shifting, I’ve noticed some changes—pricing swings, seller motivations evolving, and deal structures getting more creative.

I’m curious how others here on BiggerPockets are seeing the market:

• Have you adjusted your pricing or yield expectations recently?

• Are you noticing more early payoffs or exits from sellers?

• What’s your preferred framework for assessing risk on seasoned notes?

• Any new red flags you’re catching earlier than before?

Would love to hear your experiences and insights. Let’s share strategies so we can all adapt more effectively in this changing space.