Updated over 11 years ago on . Most recent reply
Acquiring Due Diligence Information
After listening to Dave Van Horn's podcast a few times and spending a lot of time researching note investing I am ready to take the plunge. One thing I'm trying to decide is whether or not it's worth it to pay $100 for a title report on every note I might be interested in buying, especially when I'm trying to buy non performing 2nds for 1k-5k. After researching a few notes (and paying for title reports) only to find out the seller was going through Ch13 Bankruptcy and the second mortgage had been wiped out (even though it was still being sold on an exchange) I am worried that my funds will get wiped out quicker than I will be able to find a note worth investing in.
Do you have any suggestions on cheaper ways to find out that type of information outside of paying someone else $100+ per report?