Let’s Talk Performing Notes — What’s Changing in the Market?

[Richard Dickson]

I’ve been more active lately in sourcing and analyzing 1st position performing residential notes (1–4 units) that have at least 12 months of seasoning. With the market shifting, I’m seeing some interesting changes—pricing fluctuations, seller motivation, and evolving deal structures.

I’m reaching out to fellow note investors, buyers, and brokers to get your take:

• How has your note pricing strategy changed lately?

• Seeing more early exits from sellers?

• What’s your go-to process for evaluating risk on seasoned notes?

• Any lessons learned or red flags you spot faster now?

Would love to compare notes (pun intended) and learn how others are navigating this space. Let’s connect and grow together.