Does anyone have suggestions on ways to find funding to buy non-preforming and re-preforming notes? I have inventory that I want to buy.
The individuals who purchase properties at foreclosure auctions might be a good place to start. I believe that is public information if you know where to look.
With buying notes, it would probably be easier to get a partner than any sort of loan. Try the REIA groups and other professional groups like the Chamber of Commerce. You can't beat networking for this kind of thing.
Would you consider a JV?
What is a JV?
JV is Joint Venture
We may have an interest in partnering with you. Please feel free to contact me.
Joint Ventures work well in the note business particularly with qualified money (IRA's, 401k's)
You may also want to check out Marc Gold with American Home Recovery Fund, their group offers note financing. The cost of capital is high 12%+ but if you're buying at the right price and seeing 50%+ ROI's this is good leverage.
@William Bonati thanks for the info I will check this company.
I am looking for a JV partner to take down some assets. Anyone interested please email me @castlepo[email protected] Thanks for the insight on these discussion boards.
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