Note Investing: Newbie looking for advise

[Joe Daigle]

Thanks to all that comment.

Should a newbie concentrate on notes in their "backyard" or does it really matter?  

Also, which due diligence needs to be more in-depth, 1st performing or 2nd non-performing?

Thanks again to all that comment.

[Alecia Bolton]

Hi Joe, welcome to notes!

Where you live doesn't matter, you should be looking into the states that have a foreclosure process that you're comfortable with.  

I don't invest in 2nds, but I would think the 2nd would require more due diligence, if only because you have to learn about the 1st as well as all the due diligence on the collateral and borrower.  

Good luck!