Seasoned Note Sales Strategies — What’s Working for You in 2025?

[Richard Dickson]

I’ve been working in the performing note space for a while now and recently completed several purchases of 1st position residential notes (1–4 units) that were 12+ months seasoned. The sellers were looking to free up capital quickly, and the transactions went smoothly thanks to transparent terms and fast closings.

On a related note, I’ve also been watching the tax lien market closely — noticing some changes in yields and competition over the past year.

I’d love to hear from other investors:

• Have you sold or purchased any seasoned performing notes recently? How was the process?

• For those active in tax liens, what’s your outlook for the rest of 2025?

• Are you seeing more crossover between lien investors and note investors?

Looking forward to exchanging ideas and learning from the community’s recent experiences.